There is not much to talk about right now.
Market is less than ideal for swing trading stocks, the best thing you can do right now is sit cash.
Go outside and enjoy your life in other aspects.
In war you would not go into battels you know you can NOT win.
Same goes for trading, there is no point in taking positions right now.
It is like sending your soldiers into a battle where you KNOW they will get wiped out.
There is no point, pick your battles wisely.
The better you get at trading the less you trade.
The less you trade the more money you make.
The more money you make the less you trade.
You got to switch your whole mental to be a successful in trading.
This is just facts.
Anybody who thinks they will be consistently making money, month over month with trading are dumb.
Money comes in chunks, after which there are times like current market conditions.
Stay patient during the bad times, but make the most out of the good times when they do arrive.
In 1998 the Nasdaq dropped 30%.
Then it ran almost 300% before topping out in early 2000.
Nobody knows what happens from here but itβs worth remembering that the biggest 18 month rally in market history came after a period of major volatility, uncertainty, and fear.
Full aggressive risk on conditions are very rare.
Most of the year you will be sitting cash, relaxing and waiting for a momentum market.
This is how you actually make money trading stocks, not jumping into every stock.
Wishing the market would get better so I have more to tweet about, but at the same time knowing we are probably going to go lower before going up.
Make the most of these market conditions and go outside and live life, there is really not much to focus on.
Your job in these market conditions is NOT to trade every day, that is not the goal even when the market conditions are good.
Your job as a trader is to MAKE MONEY, your goal should not be to TRADE.
But to make MONEY trading.
Trading for the sake of trading will not bring you profit, trading to make MONEY will.
Focus on the few strong stocks that are going to make you money, not trying to get into EVERY stock.
Funny seeing the "top" and "bottom" talk all of the time on the timeline.
Truth is it does not matter if we are at the top or at the bottom.
Any legit trader will know those are just headlines to get clicks and reactions.
Momentum is all that matters, and if you did not figure that out yet. There it is for you.
Traders do not make money timing the top or the bottom, they make money surfing already strong stocks.
Or going short on parabolic stocks.
We are a bit late, but I hope this really comes through.
Hopefully we go WAY lower than this on $QQQ and $SPY as well, that would really confirm it for me.
These kinds of environments are very dangerous and where I would get death by a thousand cuts in the past due to forcing trades due to FOMO and trying to make back $$ that I thought was rightfully mine.
The market does not care about your % gain goals or price targets.
Your job is NOT to do 100% returns YoY, your job is to make as much money as possible during good market conditions.
And LOSE the least amount of money when market conditions are not favorable.
Some years that will mean you 3x your portfolio, other years it might mean that you end up -10% YTD at the end of the year.
1 year does not define your whole trading career.
Think longer term, think where your portfolio will be in 10 years from now.
And if it is hard for you to "wait" that long, imagine yourself 10 years from now if you QUIT.
You will only be able to fantasies about where you COULD have been.
Do not let that come to fruiting, stick to it.
One thing I can take away from 2026 trading year is to listen to the market more.
Stop thinking something will happen instead of seeing what IS happening.
The market told me very early that it is NOT momentum market, but I refused to believe it and got burned.
As a trader you should do your absolute best to ignore all of the doom and gloom news about World Wars and similar topics.
Price action of stocks and indexes is all you should care about, if the market does not care about the news...neither should you.
@MarkBworldwide Yes this is the way. But most people will look at EXACT setups.
Failing to understand that it is NOT always ideal or the same.
That above is really all you need to trade successfully.
Anybody just beginning to learn how to trade is looking for that ONE setup, that ONE thing that will consistently make them money.
But trading does not work like that, your edge can decay.
Whether that decay caused by change of market conditions or something else.
That is why you have to be CONSTANTLY adapting, constantly learning and improving.
There is no endgame, as long as you are trading there is something to improve, change or adapt.
@MarkBworldwide Prop firms, they give you fake money to trade with to potentially make a real payout by reaching imaginary % targets within your portfolio with stupid rules made for you to fail.
Anybody who is confident in their strategy and edge will put their money where their mouth is and trade with their own capital.
They will NOT be trading prop firms.
Look at all the big traders you know, the real traders, with proven track records.
They are NOT trading props.