The Gulf of America
Let's explore a whole new world, some might even say it's a new fantastic point of view. The best point of view. No one's seen a better point of view.
1/21/20254 min read
This week is full of change and a celebration of the peaceful transition of power, a hallmark of the American democracy. Regardless of where you're from, what your political leanings are, and how much you love a good spray tan, at the end of the day this is a time to celebrate the world's main power somehow still being able to succesfully transition from one leader to the next without completely melting down or exploding into a million pieces. This is also a reminder that if you become the president of the United States of America, you can change the name of anything you want. The sky is the limit, friends. If you live in Pee Pee Township, Ohio, and are finally fed up with all of the jokes... just get elected to the most powerful position in the world. Run on a platform of pee pee jokes, fart jokes, changing the name of Pee Pee Township to any name as voted by Reddit, and just general chaos. I'd vote for you.
Anyway... Let's see what's going on this week... But not before I say... TRADERS! If you want to stay up-to-date on the latest in the prop firm space, the best discounts, and some market news and commentary, then just click here to subscribe for some fun stuff coming straight to your email.
The Prop Firm Rundown
After a rather spicy week in the prop firm arena, it was nice to have a pretty quiet week of prop firm news and developments. Perhaps the biggest news was one of the larger firms dropping their Daily Loss Limit from their accounts. That's right... the major news that was going to shake up the whole prop firm industry was Take Profit Trader removing their Daily Loss Limit.
To be fair, that actually is exceptionally good news. While I firmly believe everyone should use a daily loss limit, if you don't want to have one, you shouldn't have to have one. Just like in your personal trading account, at the end of the day the daily loss limit is when you run out of money and your brokerage calls you asking for more money. Same thing in your prop firm account. Out of money? Welp, time to re-fund that account by buying a new eval and starting over. If you can't learn that lesson, then you don't deserve to have an account.
Rearview Markets
Turning back the clock, last week the market finally found support and buyers in NQ around 20710. This provided the perfect springboard to take some news about incoming Trump policies and launch us right back up from whence we came. The week of 1/12 was bearish? Get fucked, nerds who were shorting the market, we are going to the moon. Ending the week 1,000 points off the bottom, we basically erased the whole down move from CPI. This has set us up perfectly for the new administration to come in and decide how they would like to operate going forward, so we'll have to play it by ear each day and see what kind of news pushes the market.
An incredibly important observation that I made for myself last week (and I should have made earlier) was that the market has been incredibly thin so far in all of 2025. Why? Frankly, I'm too stupid to know and too dumb to care. What I do know, though, is that I need to make sure to adjust my own trading style to suit this market. I either need to lock in profits quickly or size down and have a wider stop. If there's a plus side to this market, if you're wrong... you'll probably know you're wrong quite quickly. Capital preservation is the name of the game.
Shit You Should Care About This Week
Ignore or forget every stupid thing I wrote above because the only shit that matters is right here, so... here's what's going on this week that you should probably know about. (All times in United States Eastern Standard time)
Monday
Martin Luther King, Jr. Day - US Markets Closed
Inauguration of President Trump
Tuesday
8:30am - Canadian CPI
Wednesday
10am - US Leading Index (MoM)
10:15am - ECB President Lagarde Speaks
1pm - 20-Year Bond Auction
Thursday
8:30am - US Jobless Claims
12pm - Oil Inventories
1pm - 10-Year TIPS Auction
10pm - Bank of Japan Interest Rate Decision
Friday
5am - ECB President Lagarde Speaks
9:45am - US Manufacturing PMI
9:45am - US Services PMI
10am - US Existing Home Sales
10am - University of Michigan Data
The last short trading week of January before we finally get five full trading days next week. Trade well!
