Mindful Trader Commentary For October 7, 2022


Hey Guys,


The non-farm payroll report came out this morning, and the market didn't react well to it. The S&P 500 dropped almost 80 points in the last hour and a half and is now around 3,680.


Lucky for us, we didn't have much skin in the game when this happened. I don't have any positions open in the main account or options account, so in those accounts I was completely unaffected by the market turmoil this morning.


That's one reason why it might be a good thing that the trading activity has been light this week. Today there were no new trades either.


I closed my HQY position this morning since it reached its time limit. That one booked a partial loss. I only have 3 other positions open right now. INSW has been pretty resilient to the market drop this morning, but the other two are feeling some heat.


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


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