Mindful Trader Commentary For January 17, 2024


Hey Guys,


The market plunged overnight and now the S&P 500 is close to the 4,700 level again, like it was early last week. It's at 4,725 right now.


A number of my positions are red right now. As always, I'm staying the course and being patient. Last week I started the week with a lot of red, and then most of it turned green. There is no way to tell what will happen next in the market, but until a trade is over, anything can happen.


This morning I noticed that I inadvertently failed to close my CBRE stock position from the double down account when it hit its time limit. I manually closed it this morning. The outcome didn't change much from my mistake, but sometimes I make mistakes that have a noticeable impact, for better or worse. A lot of times people associate trading mistakes with losing money, but I've had plenty of profitable mistakes, too. We all make mistakes at times, and it's just part of the trading experience.


I picked up some new positions today, all in the main account. I bought shares of stock for XRAY and MTCH, and I also bought options for AZN.


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


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