Mindful Trader Commentary For August 9, 2021


Hi Guys,


The market is close to its highs right now. On Friday it broke upward out of the range it had been in. Sometimes that can be a sign that it's ready to drive upward again, but it hasn't done so yet.


I took a futures trade at the open of the futures market yesterday, and the market "breakout" I just mentioned was the basis for it. We'll see if the market decides to turn on the engines and go up.


I picked up some shares of PEAK and TTD this morning. I'm done buying stock positions for the day since I only buy a max of two per day, but I still have plenty of buying power for anything else that sets up in the next couple of days.


In my extra options account, my options position for SO hit its profit target (which is now based on the stock price), so I closed that.


For anyone who owned INVH as of the close of the trading Friday and into this morning, we earned a dividend on it. That will be credited to our account as a separate transaction in a few weeks most likely. No action will be needed to receive the dividend.


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


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