Mindful Trader Commentary For August 5, 2022


Hey Guys,


The market pulled back some overnight. This morning the S&P 500 was around 4100 at the opening bell, although it's recovered some as of the time I'm writing this.


I took on a few new positions today. In the main account, I bought ATO and COP. In the low-priced account, I bought FE.


A number of positions have closed since my email yesterday. KLIC hit the profit target yesterday, and VVV hit its stoploss. That KLIC position reached its profit on the same day I bought it, which is rare. Most positions stay open for about a week. Sometimes during earnings season the price can move more abruptly though.


I also closed out my LUV option position yesterday and it locked in a small profit, which was nice after it had been in the red for most of the trade. Today I closed out the stock position for LUV and it came in just under breakeven.


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


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