Mindful Trader Commentary For August 30, 2021


Hi Guys,


This morning I manually closed my position on COF because it reached its time limit. It closed out for a profit. In the case of COF today, I'm glad I had rules to follow and that I stuck to my rules, because COF dropped like a rock after I sold it at the opening bell. I got out just in time. Just as a reminder, the second video on this page shows my exact process for getting out of stock positions that reach their time limits.


I bought EIX this morning. It was from the watch list. What's cool about that EIX trade is that as of right now, I have the low price of the day. The Potential Entry Price I posted on the watch list is the price I bought it for, and it's the low price of the day today. It didn't even move one penny against us! That's rare and fun to notice. We'll see if the price stays up for the rest of the trade.


I haven't picked up any options yet today. The ones for Southern set up, but they were too expensive to meet my max premium criteria, so I passed on them.


Tomorrow I'll be manually closing my ED and AGR stock positions since they are reaching their time limits (unless they hit the profit target or stoploss first).


If you have any questions or feedback, I'd love to hear from you.


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