Mindful Trader Commentary For May 10, 2023


Hey Guys,


The market went up overnight. The S&P 500 is around 4,130 as of the time I'm typing this.


I only picked up one new position so far today. I bought shares of UL stock in the main account.


Since the last time I emailed, there have been two positions that have closed. I manually closed my DG stock position since it reached its time limit. That one locked in a partial profit. And yesterday one of my BAX stock positions hit its stoploss. My BAX trades were not very happy yesterday. Let's see if they cheer up today.


As a reminder, I'm going to close my two Starbucks options positions today, which is a day earlier than normal. The reason is because tomorrow is the ex-dividend date for Starbucks and I don't want to own options going into that date. So I'll be manually closing those positions near the end of the trading day today unless they reach their profit target first.


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


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