Mindful Trader Commentary For July 16, 2024


Hey Guys,


Overall the market is still holding its gains, but the market has been going back and forth a lot over the last few days. Each of the last three trading days, it started the day by going up, but then came back down. So we're seeing some volatility in the market, both as a whole and within individual sectors.


I have a nearly full slate of positions in my main account. I still have a little bit of buying power available, but it's only enough to take on a "light" stock position or otherwise an option position. When I say a light stock position, I'm referring to how much buying power the position uses up (designated on the main account page by the column that says Position Value).


Tomorrow I have a stock position that will reach its time limit, and selling that will free up some more buying power.


I did take on a new position in my options account today, though. I bought options for NTAP.


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


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