Market Analysis for Jan 20th, 2025

One of the things I've learned about trading is that once you put on a trade, and set your stop, you let it play out, and not let scary candles second-guess the trade. For me, the stop is $91,500 because I'd rather size down and give a trade room. If you let scary candles preempt you out of a trade, you will miss some nice trades. You might save a dime here and there. What is more important is that not being able to stick to a trade plan is a characteristic that will deter one's ability to trade profitably in the long term. At least it will keep you from maximum performance. It's weak sauce psychology. It makes you tossed to and fro on the wind. When I had that issue, I had a very volatile PnL. From convos last night, I believe a few need to take this to heart.

Some posts make it seem that emotions you have about a trade is a legit strategic input. The reason to have a strategy is to not respond to emotions. And some of the best trades can be the ones that make you feel bad.  And if you think I never feel nervous about a trade, you are dead wrong. I just don't puke my feelings out with a keyboard.