Mindful Trader Commentary For April 26, 2021


Hey Guys,


Late Friday a utility stock (AGR) came down and triggered an entry. So I finally got that utility stock I was wanting (for the sake of diversity). It's a heavy stock though and eats up a pretty chunky amount of buying power.


I closed the TTWO position today since it hit the time limit. That freed up some buying power, but it was only enough to buy a limited number of the tickers on my watch list. A number of other utility companies triggered entries this morning, but they were too heavy for me to buy (like NEE, EXC). If you have buying power, you can consider buying those.


DG triggered, but it too was too big a position for my buying power too. So I bought the option for DG. That's one great thing about options: each position only uses up 1% of my total buying power.


I'll keep waiting to see if any stocks set up that I can afford today. Right now none are close, but I'll keep en eye out. If not, then two more positions will close tomorrow (KLAC and MXIM are hitting their time limits), so that will free up even more buying power.


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