Mindful Trader Commentary For July 19, 2023


Hey Guys,


The market is up yet again. It's been showing so much strength. The S&P 500 is around 4,575 right now.


I only picked up one new position today so far. I bought IBKR in the main account. That one could be a roller coaster ride because they just reported earnings.


And speaking of earnings, we have a few positions that could be affected by earnings announcements overnight tonight: ABT, GPC, and UAL. The earnings could create noticeable price volatility in either direction. I'm going to hold my positions like normal and honor my trading plan, but if you want to avoid the potential volatility, then you can consider closing the positions before the end of the trading session today.


I sold my RSG stock position this morning since it reached the time limit. It locked in a partial profit.


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


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