How Your Memory Can Pave the Path to Future Success

November 25, 2024

Hello, my friends!

In today's markets, all eyes are on the ceasefire in the Middle East - a development that’s sending ripples through the commodities sector.

Unsurprisingly, this geopolitical shift is shaking up the landscape, and the spotlight is now firmly on Crude Oil.

It’s no surprise - Oil is once again feeling the heat from global tensions. As we’ve seen time and time again, weekends often bring shakeups in the market, setting the stage for high-energy moves leading into the NY impulse.

The goal is to always stay sharp since we are never able to plan out the perfect entry. That will be the key word for today in our Mindset deep dive.

When it comes to trading, or any entrepreneurial plans, the old adage "practice makes perfect" misses the mark.

Taking on risk isn't about perfection - it's about progress, resilience, and adaptability.

In this preview below 👇, I explore why chasing perfection can hold you back and how embracing imperfection can lead to more confident, effective decisions. It’s a refreshing perspective designed to quiet the noise and keep you grounded in your trading journey.

🎧Stay tuned this week! Audio Boosts incoming🎧

Mindset Guide💡

Can consistent practice be the key to success? Lets dive in!

  • Every Risk Is a Lesson
    Each business idea, whether it’s a win or a loss, leaves behind a trail of lessons. It’s not about striving for perfection but about etching those lessons into your memory, creating a blueprint for future decisions.

  • Mistakes Are a Gift in Disguise
    A loss isn’t just a loss - it’s a learning moment. By analyzing your trades and recognizing what went wrong, you’re equipping yourself with the tools to steer clear of similar pitfalls in the future.

  • Consistency Trumps Perfection
    Successful entrepreneurs aren’t those who avoid mistakes but those who show up daily with discipline, analyze their performance, and adjust accordingly. Consistency sharpens your instincts and builds confidence in your strategy.

How can your memory shape your Journey ahead?

  • Muscle Memory for the Mind
    Just like an athlete practices the same moves over and over, your trading practice builds mental muscle memory. When a similar situation arises, your mind remembers past mistakes and guides you to better choices.

  • Data-Driven Decisions
    With each idea, you collect invaluable data - about the market, your strategy, and yourself. Reviewing and internalizing this data helps you make smarter, faster, and more informed decisions.

  • Avoiding the Emotional Trap
    Memory built from consistent practice can prevent impulsive decisions fueled by fear or greed. You’ll find yourself reacting with logic instead of emotion.

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Impulse of the Day: Crude Oil 🛢️📉

Oil was the undeniable Impulse of the day, plummeting with high volume and slicing through all major levels like a hot knife through butter.

The action landed firmly on the day’s largest HVL level, where volatility cooled and momentum shifted into a longer expiry zone. See headlines below:

  • Reports indicate Israel and Hezbollah may reach a cease-fire within days.

  • Crude oil stored on tankers increased +34% w/w to 74.83 million bbl.

  • UAE to gradually phase in +300,000 bpd due to enhanced production capacity.

  • US crude inventories: -4.5% below the seasonal 5-year average.

  • CL 70.5 (0DTE Highest Level of Call Gamma)

  • CL 70.25 (0DTE Positive/Negative Shift)

  • CL 68.75 (Highest Positive/Negative Shift)

0DTE Levels are key zones of significant options volume that can drive increased volatility as expiration nears, recalculated daily based on gamma expiration, trading volume, and market volatility.

Interested in learning how I manage key levels in the market? Join the community!

We have exclusive monthly and yearly offers. Every plan is at your own pace.

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. Please be cautious and ensure you conduct thorough research or consult with a financial professional before making any investment choices.

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