Situational Awareness: The Real Trading Edge
1.
$S&P 500(.SPX)$ $Cboe Volatility Index(VIX)$
Winning traders don’t just hunt setups — they read the market environment first.
Situational awareness is the ability to adapt your strategy to what the market is actually rewarding. It’s not just “is this a good pattern?” — it’s “is this the right time for this pattern?”
Sometimes, you’re a Trend Rider: holding size in strong names, riding a theme with conviction. You care more about direction and durability than precision.
Other times, you’re a Quick Striker: short-term sniper, hunting repeatable edges with tight risk and fast exits. You live on structure, speed, and execution.
Neither is better. But the market decides which one gets paid.
Know the phase, know the behavior, and trade accordingly.
Most losses come not from bad setups — but from good setups in the wrong environment.
Situational awareness is your first trade of the day.
2.
Livermore’s Trading Compass
✅ Wait for confirmation before acting
✅ Cut losses quickly, without excuses
✅ Let winners ride until the trend ends
✅ Never average down
✅ Keep your mind clean and your rules cleaner
✅ Watch the market, not the news
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