Mindful Trader Commentary For May 3, 2021


Hey Guys,


Well my unrealized account balance is flying right now. Some positions that had been down late Friday gapped up and as of right now almost everything is green.


I closed a couple of positions that hit expirations (ORCL and AGR). That was a great story on AGR -- it was 13 cents away from hitting the stoploss, and it turned around and ended up relatively close to breakeven. I always stick to my rules on when I'm going to exit, so there was no angst about deciding whether to hold for me. The price initially went against me on that one, and I didn't have any question in my mind about whether to get out early. That's one of the benefits to using a rules-based system.


PEG also just hit the profit target, so I'm out of that one.


I bought NVDA and OKTA today. NVDA was actually the one I wanted to buy last Friday. It triggered that day, but I already was loaded up on positions so I couldn't get it. I decided to buy it today based on last Friday's trigger (as if I had bought it on Friday) because I like the setup so much and because it's so light to hold. With OKTA, it wasn't on the watch list but came way down and triggered so I jumped on it.


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