Mindful Trader Commentary For January 13, 2023


Hey Guys,


The market is going back and forth. This morning the S&P 500 opened at around 3,965 again, the same spot as it's been the last couple times I emailed. But in between it's been moving around a lot.


This was one of those fun mornings where a lot of profits got locked in. The headliner was NVO. It gapped up and caused me to get an oversized profit on my options position and my double down stock position. I still have the original stock position for NVO open in my main account, and that one is well out of the red now.


My stock position for TAK also hit its profit target this morning. And I closed both my SLV positions (stock and options) for partial profits since they reached their time limits (the options trade was yesterday at the end of the day).


In all, it's been a perfect record this week with my closed trades across all three accounts. Nine wins and zero losses -- a 9-0 record is something worth appreciating. It's not typical. Most weeks have losses.


I picked up some new positions today. In the main account, I bought stock for ALL and SCHW. In the options account, I bought options for ALL. Also, in case you missed it, I added another helping of SJM stocks and options in my double down account midday yesterday.


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


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