As a trader, I live by boundaries.

Stop losses. Profit targets. They’re there for a reason. They say, “This is as far as I’m willing to go.” They define my comfort zone — both for risk and for reward.

If a trade moves beyond my stop, I start losing more than I’m okay with.

If a stock races beyond my upper price target, I start to worry it’s overextended and due for a sharp correction.

These aren’t just technical lines on a chart — they’re psychological lines in the sand. And as much as I know they’re important, I’ll admit: boundaries are hard for me.

Sometimes I break them.

Sometimes I blur them.

Sometimes I forget why I set them in the first place.

And the more time I spend in the markets, the more I realize:

Trading teaches me about far more than markets — it teaches me about me.

Every time I ignore a stop loss or stretch a target, I’m not just failing as a trader — I’m revealing something deeper about how I operate. Because when I struggle to hold boundaries in my trading, it’s usually because I’m struggling to hold boundaries in other parts of my life, too.

In...

In today’s Daily Digest, we’ll review the following:

1. New position in GDXJ.
2. No adjustments are needed today.
3. Closed IGV at Profit Target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

From a recent Strazza Letter, Steve mentioned: 

Semis just failed to complete a top relative to the broader market and are now reasserting their leadership.

If this risk-on group is in good shape, then stocks are likely to perform well in the future. So this is a positive development from a broader market perspective. 

So today's trade is in a lesser known semiconductor name that is atop the relative strength leaderboard.