Mindful Trader Commentary For August 10, 2022


Hey Guys,


The market rocketed up before the opening bell this morning. The inflation report came out at 8:30am Eastern Time and showed July's year-over-year inflation was less than June's. The market was very happy about that and the S&P opened near the 4200 mark.


That caused a number of my positions to go up in value. I had some positions yesterday that were down, like LVS and NXPI, and as of now they're either back to breakeven or showing an unrealized profit.


I closed one position this morning. My GMAB stock position reached its time limit, so I used a market order to manually close it at the opening bell. It locked in a profit, which was nice since it had been scuffling below breakeven at times during the trade.


I bought only one new position so far today. It was a stock position for ALC in the main account. This thing has been going the wrong direction all morning so far and seems to be headed for the exits (my stoploss). Let's see if it can turn around before getting there.


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


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