Mindful Trader Commentary For September 12, 2024


Hey Guys,


The market flashed quite a bit of volatility yesterday. In my email yesterday, I talked about how the market was down, and we'd see if it would rebound again. Well it ended up going down even further, but then it did end up rebounding to the point of setting new highs for the week. That was definitely a roller coaster ride yesterday for the market.


I had a couple stock positions get closed this morning. My NFLX position hit its profit target, and my NKE position reached its time limit and ended up with a loss. Those two positions washed each other out in terms of net profitability.


I haven't taken on any new positions yet today. I have buy limit orders in for stock tickers at the top of the watch list. I already have full risk on for option positions, so I won't be adding to that account unless one of the existing positions falls off.


Speaking of options, all eight of my current option positions reached their time limits today. That means I'll be manually closing them right near the closing bell today.


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


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