Mindful Trader Commentary For August 6, 2024


Hey Guys,


The market has rebounded to some degree from where it was when it opened yesterday. The S&P 500 is around 5,230 right now, which is about 80 points higher than the opening bell yesterday, but is still a far cry from where it was even just last Thursday.


None of my positions have closed since the last email. Some of the positions I bought yesterday rose with the market and are up nicely at the moment. But until the trade is over, anything could happen, especially in a highly volatile market condition like the one we're in right now.


I haven't taken on any new positions yet today. There were a couple from the watch list that were pretty close to triggering at the start of the day, but at this point they've moved up and aren't particularly close. I still have buy limit orders in place for them, though, in case the price comes back down to the target entry price later today.


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


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