Mindful Trader Commentary For April 21, 2021


Hey Guys,


I sold a couple positions this morning because they hit the time limit. HIG and WBA both got closed this morning for small losses.


I picked up a couple of new stocks today: SQ (Square) and CDNS (Cadence). Square wasn't my favorite chart pattern (it looks more like a "mountain" on the chart than a trend with a pullback), but it met the back-tested criteria and nothing else was setting up, so I took the trade. Ultimately I just want to make sure I honor the back tests.


I had CAJ on my watch list and it set up for a trade today. But I realized when looking at it that the volume these days on that ticker is really low. It's still a fine pullback trade, but I am going to remove that ticker from my "favorite stocks" list since it no longer meets my criteria for being a major company.


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