The Price of Greed: The Biggest Mistake at Market Highs

In partnership with

Hello, my friends!

Today was a perfect example of how greed can sneak into our mindset and take control.

In an election year like this, the volatility is high, and big market moves in either direction are inevitable.

The indices have been posting higher highs since October began, and today was no exception.

Whether you caught the right side of the trend or missed it, the key takeaway is this: always journal your thoughts after the session.

What do I use?

Tradersync has been my go-to tool. It takes my data and emotions and turns them into actionable insights, generating daily, monthly, and yearly reports to track my performance like a business.

It’s not just about reviewing trades - it’s about understanding your mindset, refining your strategy, and staying on top of your game.

Click the logo below to explore the latest promotion and start making data-driven decisions today! 👇

Lessons from the Trenches 📚🧠

It’s an exhilarating feeling - markets are soaring and every trade feels like a win. At market highs, it can seem like there’s no end in sight, and the temptation to push for even greater gains becomes overwhelming. That’s when the biggest mistake creeps in: letting greed take the wheel.

I remember this moment vividly. I got caught up in the euphoria, convinced that I could squeeze just a little more profit before taking a step back. It’s easy to get swept away when everything feels effortless. But then, almost out of nowhere, the inevitable happened - a sudden reversal.

What I thought was a calculated risk turned into these painful lessons:

• Stick to Your Plan, No Matter the Temptation
  Calculated risk involves following a well-defined strategy.

• Know When to Walk Away
  A disciplined trader knows when to take profits and exit a trade.

• Track Your Emotions as Closely as Your Trades
  Are you sticking to logic, or are emotions like fear or greed clouding your judgment?

• Small Gains Add Up Over Time
  Greed often comes from the desire for immediate large profits.

• Accept That You Can’t Win Every Trade
  A calculated approach accepts losses as part of the process and focuses on long-term growth rather than short-term wins.

Remember, it’s not just about making money - it’s about staying in the game long enough to let your capital grow consistently.

NY Impulse - Nasdaq (-1.58%)🗽

9:30-12:00 Est

• Today, Nasdaq was the headliner with top tech stocks leading a steep sell-off right after the New York open.

• The largest 0DTE Call resistance at 20,700, was signaled a high chance of a downturn as price continued to resist below that level.

• And that’s exactly what happened - after the first hour’s close, the market turned sharply.

• The critical Gamma Shift level at 20,490 broke with no signs of a bounce, shifting the market from an optimistic bullish outlook to a plunge into the abyss.

• By lunchtime, the dust settled, and the price finally found some stability within the extreme 1-Day Min region.

• It was a day that started with hope and ended with a harsh reminder of the unpredictable nature of market volatility.

Economic Events⚡

• Israels Defense Minister Galant: We do not want to open new fronts and leadership agrees on the nature of the response to Iran.

• Bank of America's CEO Moynihan: US consumers keep spending and fueling the economy.

• NY Fed: September three-year expected inflation 2.7% versus 2.5% in August.

• NQ 20,700 (0DTE Highest Level of Put Gamma)

• NQ 20,490 (0DTE Positive/Negative Shift)

• NQ 20,368 (1 Day min - Extreme Range)

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.

In the fast-paced world of trading, it’s easy to get swept away by the excitement of quick gains or the panic of sudden losses.

However, those who focus on the bigger picture, understand that every trade is part of a long-term strategy and not just a series of isolated events.

In the end, steady discipline will create sustainable growth and more importantly, peace of mind in the unpredictable world of markets.

Until next time,
Steve B
Founder, The Daily Impulse

The Daily Newsletter for Intellectually Curious Readers

If you're frustrated by one-sided reporting, our 5-minute newsletter is the missing piece. We sift through 100+ sources to bring you comprehensive, unbiased news—free from political agendas. Stay informed with factual coverage on the topics that matter.

Join for free today!

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.

Third-party websites are for your convenience and informational purposes only. Please note that we have no control over the content, policies, or practices of any third-party sites. We recommend reviewing the terms and privacy policies of any third-party sites you visit.