Mindful Trader Commentary For July 20, 2021


Hey Guys,


The market is, for the moment, up from where it ended yesterday. That said, we're in the midst of volatility, so it wouldn't surprise me to see some back-and-forth price movement until the volatility has cleared out. It's not clear how long the volatility will last or where it will take us.


With the market being up, a lot of my positions are up today. I have some options positions that are close to their profit targets and a few of my stock positions are showing signs of life.


I have not yet bought any new positions today. If you follow the watch list, then you might know DPZ set up for a trade today. It was a somewhat heavy stock though (as far as how much purchasing power it required), and I didn't have the room in my portfolio to take the trade. I have a nearly full house of positions already. I also looked at the options for that ticker, but DPZ has earnings coming up and a lot of times that makes the options too expensive to meet my entry criteria.


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