Mindful Trader Commentary For December 7, 2023


Hey Guys,


The market is at around the same spot as it was yesterday when I emailed, although in between emails, there was a fair amount of fluctuation. The market gave up its gains from the morning yesterday only to get them right back. There's a lot of wiggle in the current market environment.


My positions on GOOG jumped up and took flight overnight and into this morning. I hit the profit targets for my stock and option positions. That one is a good example of how patience can pay off sometimes. My GOOG positions took a hit out of the gate, and two days into the trade, I was near the stop and it looked like the trade had no hope. But I stuck to the plan and gave it room to breathe. And I guess it took a big breath, because somehow it came all the way back up and hit the profit target for both positions.


I manually closed a couple other stock positions this morning since they reached their time limits. I closed CDW in the main account and SIRI in the double down account. Both came in just under breakeven.


I took on some new positions today. I bought shares of SLV in the main account, and I bought the options for SLV in the options account. I picked up a stock position for INVH in the double down account.


I have a bunch of options 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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