Mindful Trader Commentary For October 26, 2021


Hi Guys,


I picked up a couple of stocks this morning. I grabbed shares of GD and NBIX.


The large majority of trades I make come straight from the watch list like NBIX did. Notice with NBIX that my entry price was the exact same as the "Potential Entry Price" I indicated on the watch list. I set up buy limit orders before the market opens for tickers on the watch list.


GD did not come from the watch list. It wasn't particularly close to setting up as of the end of the day yesterday, but it had a major gap down overnight that caused it to trigger for an entry. Those are relatively rare. The large majority of my trades come right off the watch list.


Another note about GD: they are reporting earnings tomorrow morning before the market opens. The price could get volatile in either direction.


I picked up another set of options for PANW this morning because it qualified for the double down trade. I didn't buy the stock because by the time it triggered I had already picked up two stock positions in my main account (which is my maximum allotment for each day)


I closed my stock positions on SYY and MRK this morning since they both reached their time limits. SYY was nearly a full loss and MRK was nearly a full win.


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


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