Mindful Trader Commentary For March 10, 2021



Well the market jumped on us first thing this morning again, just like the last 2 days prior. That left no buying opportunities for us as of yet. We'll see how the rest of the day unfolds.


I'm loving this new thing of posting my potential entry prices on the watch list. It's so transparent. I literally have limit buy orders set at those exact prices for the stocks that are closest to hitting them. So everyone is seeing what I'm seeing before I make the trades


I noticed that TCOM and MMC came back to earth on price. Both of them had gotten relatively close to hitting their respective profit targets. It can be tough to see that happen. Speaking for myself, I consider this to be a nice little opportunity to practice some mindfulness. Statistically it's not abnormal for the price to fluctuate like that, so I can be patient in the short run and let these things run their course, wherever they may end up.


Futures trades have been coming in all over the place lately. We went three weeks in February without a single futures trade, and now it's like they're coming out of the walls. Looking back throughout history, during market pullbacks is when futures trades typically get fired up, so this isn't a surprise.


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


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