We’ll also, take a look at a few of equities and their price action: AVGO, NVDA, & FOUR.

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Table of Contents

• Morning Momentum
• SPX Trade Takes Me to Green
• Equity Highlights
  • NVDA
  • AVGO
  • FOUR
• Trading Lessons from Today
• SPX & RTY Charts
• Final Thoughts

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Morning Momentum

Today began with high hopes as I entered positions in MES and MNQ (Micro-SPX & Micro NASDAQ Futures COntracts). The market seemed to take off right out the gate, propelling my unrealized profits to more than $1,000 within a few minutes. However, greed and hesitation crept in, fueled by personal biases about what I “expected” the market to give me and the direction I “hoped” for.

This was my first lesson of the day: “The Market Owes You Nothing”. Mixing personal beliefs with an unpredictable market is a recipe for disappointment. My early gains quickly reversed into a -$200 realized loss.

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SPX Trade Takes Me to Green

After stepping away from the NQ, which showed indecisive behavior due to the underperformance of tech-heavy stocks, I focused on SPX. Its support and resistance levels appeared more reliable. By the time of writing, I managed to recover and turn the day positive again.

The market today resembled a chaotic dance—up, down, sideways, and back again. Scalping proved effective, emphasizing the need for quick, decisive actions. “Steal the money when it’s in your pocket”.

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Equity Highlights

Equities mirrored the futures market’s early volatility, bursting out of the gate at the open only to retrace gains within the first hour. However, there were a few exceptions:

NVDA

Showed a textbook Bull Flag formation and confirmed a breakout to the upside.

AVGO

Hovered within a pennant pattern but leaned bearish, requiring caution.

FOUR

A standout with bullish momentum, trading above its major moving averages, supported by positive earnings and strong analyst sentiment.

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Trading Lessons from Today

Reflecting on today’s session, a few key lessons emerged:

1. Patience is key: Great setups take time to form and even more time to confirm. Avoid rushing trades.
2. Hope is not a strategy: Only trade when a valid setup is present, not based on what you “wish” the market would do.
3. Avoid overtrading: Jumping in and out of trades while setups are forming leads to unnecessary losses and negative habits.
4. Flow with the market: If you’re out of sync, pause, observe, and make small, calculated moves.
5. Discipline over desire: Stick to your trading rules to minimize mistakes and maximize gains.

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SPX & RTY Charts

SPX chart, and trading behavior.

RTY chart, and trading behavior.

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Final Thoughts

Trading is a constant battle of psychology, discipline, and strategy. The markets are unpredictable, and every day brings new challenges. But each challenge offers a lesson. For me, today’s takeaway is simple: stay patient, stay disciplined, and trust the process.

What’s your biggest trading lesson this week? Share your thoughts in the comments below!

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