Good Morning. The New York Stock Exchange used to rent out livestock pens in the early 1800s, right on Wall Street. Traders would conduct deals just steps away from cows and pigs, because the exchange was literally built next to a market... as in, a food market.

-Jordon Mellor, Jonathan Kibbler, Louise Bedford

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MARKETS

Today’s tape was red. The Dow dropped nearly 1%, S&P 500 lost 0.8%, Nasdaq gave up almost the same. Volatility ticked higher (VIX near 25) reflecting jumpy nerves across Wall Street. Europe sagged, led by small declines in the DAX and CAC 40, while London’s FTSE barely moved. Asia held up, Nikkei flat, Shanghai bounced just over 1%, and Hong Kong climbed on a late-day bid. Emerging markets were a mixed bag. Traders are riding caution with rates and headlines driving every move.

TRADER INSIGHTS

Sometimes your trading strategy goes ice cold. Trades that once paid now bleed out. It’s brutal and messes with your head, but don’t go system-hopping or tossing in the towel. First step is to check the numbers. Are these drawdowns outside what your backtests or old records show, or is it normal market pain?

If your strategy always tanked during choppy markets, you’re just living the stats. If the drop looks weird and new, maybe the market regime shifted. Look at ATR, VIX, or how pairs are moving together. Sometimes your setups just aren’t getting served. Don’t try to force a breakout in dead volatility. That’s asking for a slap.

Before blaming the market, check your own play. Are you sticking to your rules or getting sloppy from boredom or tilt Your trade logs will out you. If discipline is tight and the pain’s still there, yeah, it’s the market.

Cut your size, tighten stops, and don’t be a hero. Sometimes parking cash is a power move. Tweak your strategy a little, but don’t go full Frankenstein, evolution not revolution.

Some days, the smart move is just waiting for better setups. Protect your capital, keep your head, and don’t let a losing streak shake your style. No shortcut. Stay in the game long enough and your edge will show up. Pro traders survive. Amateurs blow up. That’s the difference. -JM

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ANALYSIS

Oil ripped 4% higher, even with OPEC+ dumping more supply and grim US growth data. My short target around $55 got tagged, I bailed and pocketed profits. Lesson: don’t cling to a trade when the story changes. New supply hit, US inventories ran hot, and oil knifed from nearly $65 to $55. Then, outta nowhere, buyers showed up right where bears should’ve been feasting. Now, price action’s steamrolling bearish momentum, classic fake-out.

Specs are loaded short, commercials are max long, and small players are full-on panic selling. That’s a setup for pain if the squeeze holds. Goldman’s calling for more downside, but the range here looks ripe for a rip if we crack $59.70. If the rally fizzles, bears stay in the driver’s seat and this washout gets uglier.

Nothing sexy here, just the grind. Watch price, ignore the noise. Trade the tape, protect your stack, never get married to a bias. Catch you on the next setup. -JK

MINDSET

Let’s not kid around. If something’s standing between you and making money in the markets, it needs to go. Fast.

These little trading stumbling blocks might seem harmless, but they’re dragging you down more than you realise. Which ones are you guilty of?

1. Trading Apnoea.

(Yeah, I coined that phrase - but it’s a real thing.) Most traders stop breathing the second they place a trade. Tension skyrockets. Logic shuts down. Panic takes over. If you can’t even breathe properly while you’re trading, how do you expect to think straight?

Solution: Breathe. Deep. Often. Like your results depend on it - because they do.

2. Talking Your Book.

Blabbing about your open trades is a rookie move. It feeds your ego. It locks you into needing to be "right" instead of reading the market properly. No one else’s opinion matters — not your spouse, not your mate, not some random online. Let the market be the only judge.

3. Ignoring the Trades You Didn’t Take.

The ones you skipped could be the missing link you need. Did a trade you passed on go on to perform beautifully? Find the pattern. Spot the opportunity you missed - and build it into your future entries.

Truth Bomb, If you don't ruthlessly hunt down your trading weaknesses, they'll hunt you. Identify your stumbling blocks. Smash them.

Then watch how much faster you move. -LB

GAMES

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