Mindful Trader Commentary For November 9, 2021


Hey Guys,


We reached a handful of profit targets in the last 24 hours. In the main account, HUBS and SWKS both hit their profit targets (and WPM reached its time limit and got closed for a half-sized profit). In the extra options account, both SPLK and ABT reached their profit targets.


My ORCL stock position reached its time limit. I had two open ORCL stock positions -- the original one (which was closed today) and the second one that's a double down and reaches its time limit tomorrow. When I went in to manually close the first position (which was for half of my total owned shares), my trading platform (Think or Swim) gave me a message saying that I needed to close all open orders. So I did that in order to execute my "market sell" order for the first position, and then I went in and re-established my OCO bracket for the remaining ORCL position that will expire tomorrow.


My BRO stock position from the low-priced account reached its time limit today. I sold the position for the same price I bought it for. But while I owned it, an ex-dividend date occurred. The dividend was small (10 cents per share), but it was enough to scoot me into the win column on that trade. Anyone who simply owned the stock overnight between November 1 and 2 will automatically get the dividend credited to their accounts in the next few weeks without any further action needed.


I bought BAC and PAYX in the main account today. In the low-priced account I bought WFC and BK. And in the extra options account I picked up WFC and BAC options. In that options account, I have a lot of exposure to the financial industry right now. I have six different options positions in that industry, all of which expire this week.


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


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