Mindful Trader Commentary For February 28, 2023


Hey Guys,


The market is down a bit this morning. The S&P 500 is around 3,985, and clearly still within proximity of the key 4,000 level.


A range might be forming here since we've kind of bounced back and forth between the same levels over the last handful of days. We're near the lower end of the range right now, so if we truly are in a range, then it might be a good time to be buying.


And it turned out that my trading strategy fired for a few tickers this morning, so buying is what I did. In the main account, I bought stock positions for CTLT and CME. In the options account, I bought options for CME. In the double down account, I bought a stock position for HEI.


I also bought another futures position in the main account. The futures position I was holding yesterday reached its profit target (right near the top of the market's range), and then the same strategy fired again this morning so I added a position again down here near the bottom of the range. The stock equivalent (with the ticker SPXL) didn't quite reach its profit target yesterday, so I did not post a new stock equivalent trade since the original one is still posted there.


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


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