Mindful Trader Commentary For May 17, 2022


Hey Guys,


The market popped up overnight last night. It's had a few days in a row of upward price momentum. That said, the S&P 500 price activity is still in the lower part of the Keltner Channel, so I certainly wouldn't consider this a sign of a thriving market just yet. We're still in a volatile market condition.


I closed out my HAS stock position this morning since it reached its time limit. That one locked in a profit. When I have a stock position that reaches its time limit, I like to set up a market sell order for it before the market opens. That way the position gets closed automatically at the opening bell. The second video on this page shows how I do it.


There are no new trades today. I did pick up a trade for WERN in the low-priced account late in the day yesterday. Overall it's been a quiet trading period for me over the last couple weeks, particularly when it comes to options. It's part of the ebb and flow of trading cycles that we go through.


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


Sign Up for Trade Alerts