Mindful Trader Commentary For June 3, 2024

Hey Guys,

The tune of the market really changed since my last email. Late Friday, the market had a strong surge. Early in the day, the S&P 500 had been down 40 points on Friday, but by the end of the day, it was up 40 points. And it's holding its ground this morning.

That led to a fun ride for me. Since my last email, 6 more positions hit their profit targets, including options for QQQ, TSM, and MMM. Boy was that fun to see after a tough week.

On top of that, almost every position I have across all three accounts is green. Just last week on Thursday, the exact opposite was true and almost everything was red. I try to conscientiously remember experiences like this to help me stay calm during potential future drawdown situations. Even when things seem bad, you can never be sure what's going to happen next in the market (or in life for that matter). And one day things can be all red, and then sometimes just one day later the tide can turn.

I picked up some new positions today. In the main account, I bought stock positions for VST and MRNA as well as an option position for TSCO. In the options account, I bought a separate option position for TSCO. In the double down account, I bought stock for TSCO.

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

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