Mindful Trader Commentary For January 18, 2024


Hi Guys,


The market is up some from where it was yesterday. The S&P 500 is around 4,750 right now.


Unfortunately for me, a lot of tickers in the financial sector did not float back up with it, and I have a lot of exposure in that sector. For me personally, it can sometimes amplify the pain of a loss when the position moves in a different direction than the rest of the market. But sometimes the opposite happens, where I have positions that go up when the market goes down, so I try to take it all in stride and keep the big picture in mind.


I had two stock positions reach their time limits this morning, so I manually closed both of those at the opening bell. Capital One came in at essentially a full loss and LVS came in at a partial loss.


I took on some new positions today. In the main account, I bought stock for CNC and TSN. In the options account, I bought options for XLP and TSN.


I have a bunch of options positions that are expiring today. I'll be manually closing those near the end of the trading session today unless they reach their profit targets first.


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


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