Mindful Trader Commentary For August 1, 2024


Hey Guys,


The market ended up making an upward move after the Fed's interest rate announcement yesterday, and it's been holding it's ground so far this morning. Right now, the S&P 500 is around 5,550.


It's nice to see a sign of strength after the market showed weakness through a lot of July. But I still consider the market to be in a state of volatility, so we'll have to wait and see where things go from here.


My AAPL stock position from the double down account reached its time limit this morning, so I manually closed it. That one locked in a partial profit. My double down account went up 4% this week and has no remaining open positions.


I haven't taken on any new positions today. I have buy limit orders in for SNY and other tickers from the watch list.


I have some option positions that reached their time limits today. I'll be manually closing those near the end of the trading session today.


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


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