Mindful Trader Commentary For August 8, 2022


Hey Guys,


The market is moving up again. Right now the S&P 500 is at its highest point in two months (about 4185 right now). There might be some resistance at the 4200 price level because back in May the market could never quite get over that hump, but the market sure is looking strong right now.


I didn't buy any new positions today. None have set up yet. I did end up buying NLOK late in the trading session on Friday (both the stock and the options), and that ticker is still certainly within the zone of the back-tested edge.


I closed a few stock positions this morning that reached their time limits. All three (QCOM, INTC, and VERV) closed for profits. On the INTC trade, I sold the shares for a bit less than I bought them for, but I also earned a dividend, and that's what pushed me into profit territory.


For anyone who followed my INTC trade, you also will have earned the dividend. And no action is needed to collect it. Most brokerages automatically deposit it to your brokerage account at some point weeks after the ex-dividend date.


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


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