Mindful Trader Commentary For November 11, 2024


Hey Guys,


The S&P 500 is now at the 6,000 mark. It's a sign of strength for it to get here, and now this level will serve as a test. There might be some form of resistance since it's such a major price level.


There haven't been any new trades yet today. We didn't have any trades on Thursday or Friday of last week, either.


My trading strategy is one that's based on buying a stock when it's pulling back during an uptrend, not when it's at its peak height. So if the market takes a breather and dips in price a bit, that might open the gate to a lot more trades.


In the meantime, I'm keeping an eye on the watch list like always. LULU is the one that's closest to triggering, and I have a buy limit order in for that one.


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


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