Trading Strategy & Analysis - The trader aims for over $8,000 profit by increasing risk per trade, utilizing technical analysis, trend direction, critical levels, and fair value gaps [3][6][7] - Risk management involves containing risk, letting winners run, reducing risk to break even, and taking profits along the way, targeting a 1 to 2 risk-reward ratio [8][13][14] - The trader uses a combination of trend analysis, fair value gaps, and Elliot wave analysis to identify high-probability trading areas [6][7][34][35] Trade Execution & Journaling - The trader documents live trading sessions on YouTube, providing insights into the trading team's strategies and mindset [2][1] - A trading journal is used to log information, track data, and monitor the step-by-step progression of each trading session [4] - The trader adjusts stop-loss orders and takes partial profits to manage risk and secure gains during volatile market conditions [13][15][43] Market Observation & Adaptation - Economic news and calendar events are monitored to anticipate market movements, but the trader focuses on intraday setups [5] - The trader emphasizes the importance of adapting to market volatility and avoiding psychological biases, sticking to a pre-defined trading plan [24][25][30] - The trader acknowledges that losses are part of trading and focuses on maintaining a high win rate and maximizing profits on winning trades [24][25][89] Performance & Goal - The trader aims to achieve a daily profit goal, adjusting risk and strategy based on market conditions and trade outcomes [3][38][65] - The trader achieved approximately $11,000 in profit, with a 55% win rate, demonstrating the potential of the strategy despite frequent losses [89][90] - The trader reviews and analyzes trading data to identify areas for improvement and refine the trading strategy [77][90]

Market Momentum and Investor Sentiment - The market is currently driven by "Momo" (momentum), where trends are strong and investors believe "the trend is your friend" [2][3] - "FOMO" (fear of missing out) is prevalent, with investors joining the rally to avoid being left behind, potentially disregarding fundamentals [4] - The sustainability of the rally is questionable, as external forces could disrupt the current momentum [4][5] Potential Risks and External Factors - The expiration of tariff moratoria is mentioned, but considered a non-factor as they are likely to be rolled ahead [6] - The bond market's reaction to budget deficit concerns and "voterama" is a potential risk [7] - Earnings season is approaching, and while trend following is present, earnings ultimately matter [7] Earnings Season Outlook - There are conflicting signals regarding the upcoming earnings season, with some expecting a bumpy season based on corporate tax revenue, while others anticipate continued market momentum driven by earnings [7] - The extent to which expectations are factored into earnings results is a key uncertainty [8] - A weaker dollar could provide a tailwind for multinational earnings, but also indicates potential capital outflow from the US [8] - High expectations for earnings could lead to disappointment if results fall short, as seen with Micron [9]