Mindful Trader Commentary For September 28, 2022


Hey Guys,


The market is still in roller coaster mode. Yesterday the S&P 500 had a true range of about 100 points, meaning the distance between the high of the day and the low of the day was 100 points. During calmer market conditions in recent years, the average true range has at times been between 30-40 for the S&P 500. So it gives you an idea of how volatile the market is right now.


I haven't picked up any new positions yet today. There was one from the watch list that came close today (WIX), but it ended up taking off before it triggered my entry. I've still got my buy limit order open for it in case the price comes back down later today.


I closed my stock position on BJ today from the low-priced account since it reached its time limit. It locked in a partial profit. Nice to see some profit coming in despite the turbulent market conditions.


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


Sign Up for Trade Alerts