Ahoy there Trader! ⚓️
It’s Phil…
There was a time—many, many moons ago—when I’d stare at the screen, heart pounding, watching every single tick, second-guessing myself, sweating over every micro-move.
And you know what? It was exhausting.
Now? I don’t play that game anymore.
I check my charts twice a day—once in the morning, once near the close. That’s it. I don’t get caught in the noise, I don’t set alerts that jolt me into action every five minutes, and I sure as hell don’t stress over every single price fluctuation that nudges my trigger levels.
Because I trade a system—not emotions.
Right now, SPX is hovering near my key levels, and while others are biting their nails and jumping in too soon, I’m just… waiting.
Deeper Dive Analysis:
I used to think the best traders were the ones who never took their eyes off the screen.
That was a lie.
📌 How I Trade Without Letting the Market Control Me
I’m a full-time trader, but that doesn’t mean I sit at my desk all day, reacting to every tiny move.
- I check the charts in the morning to set my plan.
- I check back near the close to manage open positions.
- That’s it.
No pointless alerts. No staring at every price tick. No overreacting when price comes close to my trigger levels.
📌 Why This Works – Stress-Free & More Profitable
Not gluing myself to the screen means:
- I don’t jump in too soon out of FOMO.
- I don’t panic if price “almost” hits my level.
- I let trades play out without second-guessing every move.
📌 SPX Setup – The Same Plan, Still Waiting
Despite all the noise, the plan hasn’t changed.
- 5705 is my bullish trigger.
- 5605 is my bearish trigger.
- 5700 is shaping up to be a key pivot level.
The market is dancing around these numbers, but I’m not chasing.
📌 Why Patience Pays – Let the Market Do the Work
I’m not paid to react—I’m paid to execute.
- If price confirms my setup, I’ll take action.
- If it doesn’t, I wait.
- Either way, I sleep just fine at night.
📌 Final Thought – Trading Is NOT a 9-5 Job
The market doesn’t care how long you stare at your screen.
- Great trades don’t require babysitting.
- Stress-free trading is real—you just need discipline.
- The best setups work, with or without you watching.
So today, I’ll do what I always do—stick to my plan, check in when I need to, and let the market come to me.
Because the real secret to high profits and low blood pressure?
Not overtrading.
Fun Fact
📢 Did you know? In 1958, legendary trader Richard Donchian introduced the 4-week rule—if price breaks out after four weeks of sideways action, it often triggers a massive move.
💡 The Lesson? Great setups don’t happen every day—but when they do, you better be ready.
Happy Trading,
Phil