Mindful Trader Commentary For June 3, 2022


Hey Guys,


The market went up noticeably yesterday, but since then has given up most of those gains. The S&P 500 is around 4125 at the time I'm writing this. It seems to be in a range and is bouncing back and forth. The bottom of the range is around 4100 and the top of the range seems to be around 4175. We'll see how long these range boundaries hold up.


The PFE options I bought yesterday already reached their profit target this morning. I was in the red on that trade for only an hour and a half, and then it took off. That ended up being one of trades where almost immediately the trade went my way and never looked back. Most of my trades last about a week, so it's a fun surprise when a profit target gets hit in a day.


I haven't picked up any new trades yet today. I've got buy limit orders set up for the tickers on the watch list, so if any of those respective stock prices reach the Potential Entry Price specified on the watch list, then I'll be going live with the trade.


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


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