Mindful Trader Commentary For October 31, 2024


Hey Guys,


The market took a sizeable tumble overnight. The S&P 500 is down about 40 points from its close yesterday and is around 5,770 right now. It's been magnetized to the 5,810 price level for several trading days in a row, so let's see if the market rebounds back up to that level.


I locked in some more profits since my last email. Both my stock and option positions for NET reached their profit targets. I'm profitable for the week so far in both accounts. Let's see if I can sustain that through the end of the week.


I have one option position that reached its time limit today (ABT), so I'll be manually closed that near the end of the trading session today unless it reaches its profit target first.


I took on some new positions today. In the stocks account, I bought shares of NVDA and MDT. In the options account, I bought options for NVDA and MDT. I also picked up options for DOCU right at the end of the trading day yesterday.


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


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