Mindful Trader Commentary For March 8, 2021


You may have already noticed I scooped up some TCOM this morning. You can see my latest trades on this page: https://www.mindfultrader.com/live_positions.html


When I posted my watch list last Friday, I indicated that TCOM had decent odds of being in play today, and sure enough the trade triggered.


None of the other tickers on the watch list are particularly close to triggering right now. They may only come into play today if there is a major market pullback before the day is over.


Since my stock trades are based on pullbacks, there often aren't a lot of tickers to choose from on days where the market is up. There are more trades that set up on days where the market is down. So it's not unusual that there aren't a lot of trades setting up today considering how far the market is up right now from late last week.


I also wanted to point out that there is a position I have open for the MES futures. It has no expiration (I'm referring to the "half size" position). If the MES futures close above yesterday's high (3850.00) today without hitting the profit target or stoploss, then I'll be manually closing the position at 3pm PST when the futures market re-opens later today. (I added a new "special instructions" column to my live trades, and in the future I'll post instructions like this in that column up front when I initially make the trade if applicable.)


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


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