Mindful Trader Commentary For October 30, 2023


Hey Guys,


The market is having a nice rebound this morning to start the week. On Friday, things got rough and the S&P 500 dipped down to just about the 4,100 mark, but right now it's hanging out around 4,155.


I haven't taken on any new positions yet today because nothing from the watch list has set up yet. My main account has limited buying power anyway, so in that account I can't take on anything new unless it uses very little purchasing power (which is displayed in the "Position Value" column for each ticker on the watch list).


My LSXMA stock position from the double down account reached its time limit today, so I manually closed that at the opening bell this morning. It ended up with a half-sized loss, which was actually like a small victory since it had almost hit its stop loss on Friday.


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


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