Daily Trade Recaps

Daily Trade Recap: August 5, 2025 – The Importance of Trade Plans

Today was a significant day in my trading journey, and I want to share a crucial lesson that stood out: the importance of having a well-defined trade plan. As I navigated through the trades, particularly focusing on the SPY, I realized how essential it is to set clear levels and execute based on those pre-determined plans. At 9 a.m., I developed a trade plan that guided my actions once the market opened.

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Daily Trade Recap: August 1st, 2025 – The Power of Preparation in Day Trading

As a professional day trader with over a decade of experience, I know firsthand the importance of preparation. On August 1st, 2025, I faced a day where time was not on my side. Despite having limited time due to personal commitments, I managed to execute two successful trades within the first 15 minutes of the market opening. This was possible because of the meticulous preparation I put into my trade plans before the market opened.

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risk management in day trading
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Daily Trade Recap: July 31st, 2025 – Mastering Risk Management in Trading

In the world of day trading, understanding and managing risk is paramount. On July 31st, 2025, Pat Mitchell of TrickTrades shared insights into his trading strategy, emphasizing the importance of adhering to a well-defined plan. The day began with a clear trade plan set at 9 a.m. Eastern, focusing on specific blue levels on the daily chart. These levels, established before the market opened, guided the trading decisions throughout the day.

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