Trade Analysis for Jan 24th 2023

($SPY)

I only placed one trade today. And although there were a few trades that would have paid if we took them (and I will show you those) I did not enter in to them because they were not A+ setups.

I do not over trade. I am good with one trade and calling it a day. Greed satisfied. If you are new to trading, I would encourage instituting a trade cap. I never allow myself to take more than 2 trades a day. The more you put your capital at risk, the higher the probability of risk taking your capital. Risk will eventually win.

2-3 trades a week are plenty, especially when they are high probability setups. Be smart. Do not over trade.