Mindful Trader Commentary For January 11, 2023


Hey Guys,


The market is still showing signs of strength, although there has been some back-and-forth throughout the week. The S&P 500 is above 3,950 right now.


I bought shares of NVO stock in the double down account. I also bought NVO options in the options account. That stock took a dive overnight, which qualified it for my double down trading strategy criteria.


You may have noticed that the ticker COUP showed up on the Triggered List, yet I didn't trade it in my live accounts. The reason is because the stock was too "heavy". What I mean by that is that it required a ton of purchasing power to take on the position. You can see how much purchasing power any given trade requires by looking at the Stock Position Value column on the triggered list (assuming you choose to use my optional position sizing approach).


My original CPB stock trade from the main account reached its time limit today, so I manually closed it. The stock price I sold for was a bit lower than the price I paid for the stock, but I also earned a dividend while I owned it. The net effect was a small profit on the trade.


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


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