Mindful Trader Commentary For December 5, 2022


Hey Guys,


The market has been wiggling around a little bit the last couple trading days. This morning the S&P 500 is around 4,050, but on Friday it went up and down between 4,010 and 4,080.


I picked up a full slate of new positions today. In the main account, I bought BAM and LBTYA. In the extra options account, I bought options for BK and VFC. In the low-priced account, I bought stock positions for R and VFC.


I only closed one position today. It was for SMG in the low-priced account and it came in just below breakeven. 


On Friday my position on Boeing (BA) ended up reaching the profit target the same day I bought it. The large majority of trades last longer than that. So it can be fun when a position hits the profit target that fast.


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


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