Mindful Trader Commentary For May 30, 2023


Hey Guys,


The market is up this morning. The S&P 500 is around 4,220 right now, which is showing signs of strength.


My trades have been a mixed bag so far today. I had two options trades hit their profit targets this morning (UBER and CVNA), but my original stock trade on Cardinal Health hit its stoploss. I also manually closed my remaining MDLZ stock position for a partial loss.


Recently, the options account has been performing noticeably better than the main account. I've seen that happen before, but in reverse, where the main account does really well while the options account wasn't doing so well. What's interesting is that both performances are still statistically within the bounds of "normal" based on back test results. Knowing that it's statistically normal helps me stay grounded when there are losses.


I picked up some new positions today. In the main account, I bought stock positions for MCK and SPOT. And in the options account, I bought an options position for SPOT.


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


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