Hello fellow traders, The Idiot Trader here!

Today marked the start of my one-month trading day practice after a long two-year hiatus. I had planned to trade at the New York Open (NYO), but life had other plans. The notorious traffic had me running late, and I only managed to get home 45 minutes after NYO. By the time I sat down at my trading desk, I knew I had to make the most of the remaining trading window.

Despite the late start, I decided to focus on Gold. As always, I approached the market with a clear strategy and a disciplined mindset. My aim was to find a quick trade that could offer a decent return without taking unnecessary risks, even though I’m currently trading on a demo account.

The market was unusually slow today. There were no significant movements or trends that could offer a promising setup. After scanning the charts and analyzing the current market conditions, I saw a brief opportunity in Gold. I executed a quick in-and-out trade, which resulted in a modest gain of 0.10%. It’s a TP1+BE.

It wasn’t a significant profit, but in trading, sometimes the small wins matter just as much as the big ones. Today’s session was a reminder that patience and discipline are crucial, especially on days when the market doesn’t present clear opportunities. It’s easy to get frustrated and make impulsive decisions, but staying composed and sticking to your plan is what leads to long-term success.

The market’s sluggish pace today underscored the importance of adaptability in trading. Not every day will present ideal conditions, and sometimes it’s about making the best of what’s available. I’m looking forward to tomorrow and hoping for more dynamic market movements.

That’s it for today’s trading journal. Thanks for following along, and here’s to better trading days ahead!

Happy trading,
The Idiot Trader