Mindful Trader Commentary For May 12, 2023


Hey Guys,


The market is up some this morning. It's been in a relatively narrow range this week after being topsy turvy the week before. The S&P 500 is around 4,140 right now.


I picked up some new positions today. In the main account, I bought stock positions for MDT and SAP. In the options account, I bought options for MDT.


I closed three stock positions that reached their time limits this morning: JKHY, GMAB, and TRU. All three locked in a profit. That's a nice change after the difficult week we had last week.


My options trades that closed yesterday didn't fare so well. Most of the week it looked like the LVS options would punch out some profit, but then they crumpled on the last day. You can never tell what's going to happen next in the market or with any given stock or option, so that's why I try not to get too worked up if a position changes course abruptly. I focus more on sticking to my plan and honoring the back-tested approach.


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


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