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.
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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
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece