Mindful Trader Commentary For June 4, 2024

Hey Guys,

It's lucky we hit a lot of profit targets in the morning yesterday because shortly thereafter, the S&P 500 dropped 50 points. Since then, it's rebounded to some degree, but there has clearly been some volatility in the market over the last several trading days.

I haven't yet taken on any new positions today, and I haven't closed any. So it's been a light trading day for me so far.

The TSCO trades I took yesterday have been on a wild ride. The market itself is already showing signs of volatility, but TSCO took that volatility to the next level the last couple days. It feels funny to say that about a tractor supply company, but its stock dropped like a rock yesterday but then had a large rebound this morning. After seeing that huge initial plunge, it would be a nice surprise if we end up in the profit column. Let's see if it can keep the upward momentum going.

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

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