Mindful Trader Commentary For November 18, 2022


Hey Guys,


The market is up from where it ended yesterday. The S&P 500 still isn't back at the 4,000 mark yet, but it's been working its way toward there.


I had a great outcome with my options trades since my last email. I had one hit its profit target this morning, and of the six I closed yesterday that reached their time limits, five were profitable.  On top of that, my CAG stock trade from the low-priced account gapped up past its profit target overnight to give me an oversized profit.


This is a month worth celebrating for my options trades. In the last 30 days, I have a win-loss record of 15-2 and my options account has grown 32.7%. If you're like me, you might have the urge to annualize that figure in your mind to see what the return might be for a full year, but I can tell you from experience that many months are not like that. I've taken my lumps with options trades this year. So it's worth appreciating when you get a big dose of profitability like that.


And I didn't use any special stock market intuition to do it. I just followed the rules of the trades and took any options trades that triggered from the watch list.


I took on some new positions today. In the main account, I bought stock for EOG. I also picked up the options for EOG in the extra options account. I grabbed stock for BKR in the low-priced account.


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


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