Mindful Trader Commentary For May 25, 2021


Hey Guys,


This morning the market is hovering near the high it reached yesterday. It seems relatively stable and calm right now.


I haven't yet had any positions close today. My bank stocks are up this morning. CHTR keeps getting close to the profit target and then retreating. By tomorrow I'll be manually closing CHTR and LBRDK if they're still open since they both will be hitting my time limit.


I picked up some new stock positions today. I grabbed UPS and Kellogg's.


I also picked up an options position for COP. I like this one because the price of the option was relatively cheap (well below my "max premium"). If this one hits its profit target, the payout will be a nice multiple of the amount I paid since the option premium was relatively cheap. That said, it doesn't mean that its odds of success are different than any of the other pullback trades I do.


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