Hey traders,

Today’s one of those days where I’m just gonna hang back and watch for a bit.

The market feels stretched right now. A lot of stocks have been running lately, but things are slowing down. 

You can feel it — there’s not a lot of momentum out there unless you’re watching the big tech names. Outside of that, it’s pretty weak.

We’re in a weird spot right now, and when the market feels weird…sometimes the best thing you can do is just take a breather.

Seriously. 

It’s easy to think you need to trade every single day. But the truth is, the best traders know when to pause and let the market come to them. 

Calm down, eager beaver. 

Here’s my best advice, from experience. 

Patience Is Strength

Right now, the only real strength is coming from the “Magnificent Seven” — Apple, Amazon, Google, Meta, Microsoft, Nvidia, and Tesla.

They’re holding the market up, but most other stocks aren’t looking great. 

There’s lots of relative weakness out there. That means even when the market is green, a bunch of individual stocks still aren’t doing much.

So if you’re wondering, “Why isn’t my watchlist moving?” — you’re not alone.

That’s just the kind of market we’re in right now.

So what’s the move?

The move is no move. I’m staying patient and watching and letting things shake out.

There’s no rush, no reason to force trades when the setups aren’t clean. 

This is exactly when a lot of newer traders get stuck — they see nothing moving, they get bored, and then they chase something random…and regret it five minutes later.

Trust me, I’ve been there. It’s not worth it.

Sometimes sitting on the sidelines is the smartest play.

It gives you time to reset, review your plans, and really see what’s working and what’s not. It also helps you avoid burning out. 

Trading isn’t about always being in a trade, it’s about being ready for the right ones.

Here’s what I do on slow days:

• I check in on old runners to see if they’re setting up again.
  
• I clean up my watchlist so I’m only tracking the best setups.
  
• I read up on market news or sector trends.
  
• I go back and study recent trades — wins and losses.

That way, when the market starts heating up again — and it always does — I’m ready to move fast.

Just Chillax

Weird markets happen. That’s part of the game. 

The key is not to fight the market, but to flow with it.

Right now, the flow says “chill.”

So I’m chilling. I’m watching and staying ready. Taking a little breather and letting the market show me its next move.

That’s not being lazy, it’s being smart. Sometimes the best trade…is no trade.

Let’s see what tomorrow brings.

Jack Kellogg