Mindful Trader Commentary For December 5, 2024


Hey Guys,


The market is continuing to shows signs of strength. The S&P 500 is now pretty well above from that 6,000 price level, which was a major "battle" point, and it seems as if the bulls may have prevailed in that battle. That could bode well for what we're doing here.


I had more trades hit profit targets. Yesterday, my CRWD stock position hit its profit target. And DAL gapped up overnight last night, which led to some nice oversized gains. Both my stock and option positions for DAL ended up with a profit that was about twice the amount I was targeting. That was a fun surprise.


That's now eleven straight wins in my stocks account. Check out this fun equity curve for that account from the last several weeks:



The big hump in the middle came from election week, when there was a chunk of volatility in both directions. But you can see that after the dust settled from that, the account value has been consistently growing, brick by brick.


I have only taken on one new position so far today. I bought APD in my stocks account.


A note about my SRE stock position: that one earned a dividend overnight of $0.62 per share. So anyone who owned that stock as of the end of trading yesterday and into the open of trading today will earn the dividend. It's typically automatically credited to your account, and it might happen in about a month or so.


I have several option positions that reached their time limits today. I'll be manually closing those near the end of the trading session today unless they reach their profit targets first.


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


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