Mindful Trader Commentary For July 5, 2022


Hey Guys,


The market is down to start the week. It's still hanging in the range that it established last week, but it's at the very bottom of that range. Last week, every time the S&P 500 tested this level (which is about 3750), it eventually went back up. Let's see if it holds again this time.


I bought a few new positions in the low-priced account today. I bought stock positions for NIO and PRVA. I also bought options for NIO. Nice to see some action this morning after a quiet week last week.


As a reminder, in the main account and extra options account, I only buy tickers that are from my favorites list (which are typically companies with huge market caps that have been around a long time). In the low-priced account, on the other hand, I open my net to a much wider selection of tickers. NIO and PRVA are not on my favorites list, but they set up for my trading strategy criteria, so that's why I bought them in the low-priced account.


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


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