09/04/2024

Hey Trader,

Mark and I shorted NVDA just before the long weekend, and it paid off big. 

But more than the gains, it was being on the right side of the market that really hit home. 

You know the deal — mental clarity is the most important trading tool at your disposal. 

And with the market poised for more volatility, there's plenty of opportunity ahead.

Let’s break down the best pro trader tool plus what’s on the horizon in the market… 

Yes, the market has sold off, but stay sharp — I see more chances to win. As I’m writing this on Wednesday, we’ve got some potential volatility coming up, thanks to the JOLTS report and the Beige Book dropping today. 

These afternoon data releases tend to create whipsaw action or, for my candle chart readers out there, those infamous "wicks."

If by the end of the day we end up forming a Doji candle, I’m anticipating more downside into Friday. 

We've officially broken down out of consolidation, and the market could very well continue this trend for the rest of the week — maybe even into next.

In the meantime, I wanted to remind you of the best free trading tool you probably already have but may or may not be using…

Mental clarity.

Here are three ways mental clarity can help you improve your trades.

1. It Keeps You Cool in the Chaos
   

The market can turn on a dime, we’ve all been there, and if your head isn’t clear, you’re going to panic. Panic leads to bad decisions. 

Mental clarity lets you stay calm when everyone else is losing their cool. You can see the bigger picture, recognize patterns, and stick to your strategy, even when the market’s throwing a tantrum. 

Volume profile gives me one specific pattern to focus on when the market seems chaotic and it never lets me down.

2. It Helps You Cut the Noise

There’s always a ton of chatter in the markets — news headlines, outside opinions, social media hype, you name it. 

Without mental clarity, you can get swept up in the noise and lose focus. 

A clear mind filters out the nonsense, letting you zero in on the actual data and trends that matter to your trades.

3. You Can Keep Emotions in Check

Fear and greed are the two big emotions that can wreck a trade. 

Mental clarity puts you in control, so you’re not making emotional decisions. 

Whether you’re riding a high or nursing a loss, being clear-headed helps you stick to your plan, not your feelings. 

There are TONS of examples of traders having an awful trading day, then turning it around to come on top at the close — as long as they keep a clear head. 

Join us everyday at 3 PM ET right here on the Trade to Close show.

Always be closing,

Olivia Voz

We’ve got everything you ever wanted to know about day trading in a special Masterclass this Friday at 2:00 PM ET.

But you have to be a member to get access… so sign up right here!