Hey friend,
Positive earnings are helping lift the market somewhat.
But let’s see how the markets react after the PCE data is released tomorrow morning.
The Daily Direction
Note: Indexes closed mixed yesterday with positive earnings weighed down by higher yields. The short-term direction for the Dow slipped back downward.
The Daily Nugget
All good traders understand what they can – and what they can’t – control.
This stoic philosophy advice is good for life in general, but applies greatly to trading as well.
You can’t control the economy…
You can’t control the Fed…
And you can’t control which stocks go up or down.
But you can control whether to stick to your stop losses…
Whether to be disciplined in your profit taking…
And which strategy you choose to follow.
The good news is, as long as you maintain control over these three things, you’ll likely win over time.
As for the last part – picking a good strategy…
Well, here’s one that will show you how to take advantage of the “smart money” (instead of the other way around).
The Traders Agency Team
