It's Sunday afternoon, and I’m feeling fantastic—probably the best I’ve felt since getting sick back in January. A little time out on the boat with the ocean air seems to be the perfect cure. But despite the great mood, my husband just caught me grumbling at my desk around 4:00 P.M., completely absorbed in my charts. It’s a common scene when you're ; the work never really stops.
It’s Friday morning, just before 7:30 A.M. EST, and I’m already watching the market. My main focus is a short position on the EUR/USD I’ve been managing since Wednesday. A big economic report, the Trade Balance number, is due at 8:30 A.M., which means things could get volatile. I’m preparing to use tight 60-second stops on any open trades to manage risk.
It’s early, and my overnight trade on the EUR/USD is slowly creeping lower, which is what I wanted. I used the Wave’s middle line as my protective stop, so I quickly check to see if that price needs adjusting. It’s only moved by a few pips, so I’ll leave my stop where it is for now.
You’ll hear me say this once in a while: some days are for taking it easy. I don’t go into every trading session with guns blazing. For one reason or another, there are days I’ll either step away completely or just dial it back. Today is one of those days.
The first thing I do every morning is check for the day’s economic releases, or what I call “hot zones.” For anyone running a trading operation as a , knowing when big news is scheduled to drop is non-negotiable. But there’s a common misconception here. I’m not looking for news to trade; I’m looking for moments of potential chaos to be aware of.
Welcome to my trading room. I’m kicking off this trading diary to document my process, and I’m excited to get started. Every day in the market offers its own unique lessons, and my goal here is to explain the thinking behind my decisions to enter or exit a trade.
People often ask where I find my investment ideas, assuming they’re some rare commodity. The truth is actually the opposite. After more than twenty-five years of hunting for good investments, my challenge isn’t finding ideas—it’s sorting through them. But I remember starting out and asking the same question you might be asking now: Where do I even begin?
When you first start analyzing companies, it's easy to get bogged down in the details and feel a need for absolute certainty. To break free from that mindset, it helps to look at how Warren Buffett handles uncertainty—he’s a master at it. He often repeats the idea that it’s better to be “approximately right than precisely wrong.” This is a core lesson for anyone interested in .
Have you ever wondered why some people and companies make it big while others just fizzle out? It often boils down to how their leaders think. Take Apple’s old slogan, “Think different.” That wasn't just clever marketing; it was a mission statement that captured the company’s entire philosophy. Steve Jobs wasn't just building computers—he was sparking a movement. He saw a future driven by a community of creative people ready to change the world. His purpose, his “why,” was always bigger than the processors and hard drives he was selling.