It’s Taco Tuesday every day it seems like.
One moment it feels like the market is going to break, then a tweet hits and we’re racing to the highs.
And while I’ll admit, the market has been choppy of late. I’ve managed to be successful trading Game Plan.
The reason is important if you want to be profitable, whether you trade Game Plan, any of my other services, or do your own thing.
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The crowd is reactive right now and rules are not.
Tweets, Iran headlines, sudden pops and drops: the crowd is chasing all of it. They are buying the high because it looks like it is going higher, and selling the low because it looks like it is going lower.
That is not trading. Those are your emotions running wild.
Rules do the opposite.
They tell you what to do before the chaos starts. You are not deciding in the moment because the moment is the worst time to make decisions.
Here is what that looks like in the room.
Monday was an 80% loss on the position. The rules said to stay in the framework. It is right there in the portfolio.
Tuesday morning a member with a $1,000 account walked away with $514 in a single session.
The rules did not know there was a loss the day before and they do not care.
The framework has one instruction: enter the zone, buy the zone, sell the zone.
I am a chaotic wildfire and I know it. The Taco Tuesday market is exactly the kind of environment that would have me making terrible decisions without rules.
Rules are how I stay grounded when everything around me is not.
It has nothing to do with predicting tweets or Iran timelines. It is built on rules that put you in the right place before anyone knows what is coming.
If that sounds like what you have been missing, this is where you start.
Rock On,
Voz