Trade To Close

Trade Mechanically. Trade With The Best.

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The market is a jack-in-the-box right now

The whole market is a jack-in-the-box right now. Wound tighter and tighter, ready to explode. And anybody who tells you they know which way it pops is guessing. I do not guess. I read what is in front of me. So let me show you what I am looking at. Pull up SPY and QQQ, the funds that track the S&P 500 and the Nasdaq. They are running the exact same pattern. A big move higher, then a breath, and now they are coiling into a pennant. A pennant is just price squeezing closer and closer together into a point, like the shape of a little flag. The tighter it gets, the bigger the move when it finally lets go. That is the jack-in-the-box. It is winding up, and when it pops, it pops hard. READ MORE I cannot tell you the direction, and I am not going to pretend

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A gap is the market showing you its energy

One of my traders asked me what a gap means. Great question, and most people miss it completely. They see a stock clear a level and go, cool, we're through, off to the races. Not so fast, my friend. How it got through that level is the whole story. So here is how I read it. A gap is energy. When a stock jumps over a level instead of grinding up through it, that jump is the market showing you it has fuel behind the move. That is the market talking to you. And I want you to learn how to listen. Stare at any long-term chart, up or down, and you will see it. The moves that last, the ones that go and keep going, they are built on gaps. Gaps are the technical gateway. No gap, no go. Let me make it plain. A stock can close a

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Most traders are obsessed with the wrong thing

Most traders are obsessed with the wrong thing. They are obsessed with making money. With the win. With watching the account tick up and going, woo, look at it grow. That, in my book, is weak. The traders who last are obsessed with something else entirely. It is not the money at all, and once it clicks, it changes everything. Let me show you what to be obsessed with instead, plus a few things I do to keep my own head straight. Here is the shift. You do not want to be obsessed with making money. You want to be obsessed with the process of making money. That sounds like a small change. It is not. When you fall in love with the process, you start treating trading like a business instead of a slot machine. You understand the mechanics, you trust them, and the money stops being the thing

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