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Hello, my Friends!

As we dive into Christmas week, the markets are exhibiting classic seasonal behavior: choppy price action, ultra-low volume, and setups that tease.

If you've been watching your levels closely and wondering why prices stall just short of those major highs or lows - this is why:

  • Wall Street's institutional desks are largely on holiday mode.

  • Traders are hesitant to deploy significant capital, resulting in trading volume dropping 40-70% below average.

💧 Thinner liquidity and increased slippage - conditions that favor market makers who quietly profit from retail order flow while the rest of us fight for clean fills.

⛔ Minimal follow-through. Breakouts fizzle. Momentum fades.

🔄 What looks like a high-probability setup on paper often turns into a frustrating range-bound grind.

This period demands heightened discipline. Rather than relying on prior days' ranges to gauge potential, focus exclusively on real-time volatility during the New York session.

Stay sharp and avoid forcing trades in an environment designed to punish overcommitment.

Check out this live recording from a recent session. 👇

🎁Holiday Giveaway🎁

In the spirit of the holiday season, I'm offering a special Christmas Giveaway as my way of expressing gratitude to this incredible community!

I've purchased challenge accounts from a reliable prop trading firm - one that stands out for its exceptionally smooth and rapid payout process - receiving 6 successful payouts myself.

To show my appreciation, I'm giving away 2 challenge accounts to members of our community.

Simply click the link below to the dedicated X post. Follow the clear instructions outlined in the post (like, retweet, tag a friend, etc.).

I will randomly select and announce two winners on December 26th.

Disclaimer: This giveaway is not sponsored by the firm - it's entirely my personal initiative to give back and say thank you for your continued engagement and support.

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🎄 As we approach the close of another dynamic year, I want to extend my warmest Holiday wishes and a Merry Christmas to all who celebrate. 🎄

To every member of this resilient community - traders navigating volatile markets and entrepreneurs building the future - thank you for your dedication and drive throughout 2025.

Until next time,
Steve B
Founder, The Daily Impulse

Important Disclaimer:

This newsletter is for educational purposes only and does not offer financial or investment advice. It should not be taken as a recommendation to trade assets or make any financial decisions. I am not a registered investment advisor, broker, or licensed financial professional. Please be cautious and ensure you conduct thorough research or consult with a financial professional before making any investment choices. Trading and investing involve significant risks, including the potential for substantial financial loss.

Some content, including advertisements, promotions, or links, may be sponsored or part of affiliate programs (such as with proprietary trading firms). I may receive compensation, commissions, or other benefits if you click on affiliate links, sign up for services, or make purchases through them. These relationships do not necessarily imply endorsement, and all opinions expressed are my own unless stated otherwise. Potential conflicts of interest may exist due to these partnerships.

Past performance or examples discussed are not indicative of future results. I do not guarantee the accuracy, completeness, or timeliness of the information provided, and I disclaim any liability for errors, omissions, or any losses incurred as a result of using this content.

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