Mindful Trader Commentary For May 1, 2023


Hey Guys,


The market had another day of moving up on Friday, and its holding its ground so far this morning. The S&P 500 is around 4,175 right now, which is now higher than that peak it established in April.


Last week was yet another example of how it's hard to predict what will happen next in the market. We had big down days on Tuesday and Wednesday, and for many that created fear about what was in store for the market. And yet it surprised many and came bounding back with enough force to break the prior month's high.


That's why I keep it really simple and just stick to the plan. I don't try to predict what will happen with the market or analyze all the various factors that could impact the markets. I simply take the trades when they set up.


My RTX options hit the profit target this morning. Just about every position in my account is green as I type this.


There haven't been any new trades yet today. I have my eye on the watch list, but so far none of those have triggered.


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


Sign Up for Trade Alerts