Not every trade works — and that’s not only okay, it’s expected.
On the morning of January 22nd, $SPY was on watch as price moved into an area where upside continuation could develop if momentum followed through. The idea wasn’t to predict a move, but to be prepared if price confirmed.
At 9:40 AM, I alerted that I was watching $SPY 1/23 691 calls. Two minutes later, price action provided enough confirmation to take a defined attempt, and the trade was entered with risk and targets clearly laid out from the start.
Trade details:
- Entry: $SPY 23JAN26 691C @ $1.81
- Stop: 689–689.34
- Targets: 691.47, 694.25, 696.09
Shortly after entry, price failed to hold the key level. Momentum didn’t follow through, and the setup simply didn’t develop. The stop was respected, and the position was closed at $1.38.
No hesitation. No hope trades. No chasing a bounce.
This is what disciplined trading looks like on a losing trade. Losses are part of the statistical reality of any strategy — even strong ones. Traders cannot win every single trade, and trying to avoid losses altogether usually leads to bigger ones down the line.
What matters most is consistency: defining risk, honoring stops, and maintaining the right mindset from trade to trade. This was one trade out of many, taken with a plan and managed correctly. The outcome doesn’t change the process.
On to the next opportunity.
Trading involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results. The content provided is for informational and educational purposes only and should not be considered financial advice. Always consult a qualified financial advisor before making investment decisions.