Mindful Trader Commentary For August 20, 2024


Hey Guys,


The market ended up with a solid day yesterday, and is holding its ground this morning.


It's not at all rare for the market to rebound (it has better odds of rebounding than not rebounding according to history), but the way in which the market has rebounded is quite rare. We went from a state of extreme volatility directly into steady, consistent, strong upward price movement. There have essentially been no pit stops along the way. I looked back at how often something like that has happened historically, and it's definitely rare. What a unique market condition to live through.


I had a couple more stock positions reach their time limits this morning: DHR and VICI. Both ended up with profits.


I also picked up a new position in my stocks account this morning: BCE. Another day with no new option trades so far, but they'll eventually come my way, so I'm staying patient.


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


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