Mindful Trader Commentary For March 7, 2024


Hi Guys,


The market is up again this morning, although it's been showing some volatility. Last night after the close, the S&P 500 dropped 25 points in after-hours trading. By the time I woke up this morning, it was up 25 points from where it had closed the day before (a 50-point swing overnight).


My individual positions are also showing some volatility. Some positions that had been down pretty noticeably yesterday are back in the green today. But that FXI position that had jumped up near the profit target yesterday fell back down overnight. So I'm looking at a mixed bag here today.


My EW stock position from the double down account reached its profit target yesterday. My LVS stock position reached its time limit this morning, so I manually closed that one at the opening bell. It ended up with a partial loss.


The only new position I've taken on today is a stock position for LLY in the main account. Yesterday midday, I bought both stocks and options for Disney.


I have some options positions that reached their time limit 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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