Hey friend,
Markets are still “digesting” – so don’t be surprised by the current oscillation. It’s perfectly normal.
The Daily Direction
Note: All indexes closed slightly lower yesterday – except for the Russell 2000 which posted a relatively strong performance. The short-term direction for the Nasdaq dipped back into downward territory.
The Daily Nugget
Rely on disciplined risk management – not over diversification – to protect yourself.
As traders going after superperformance – instead of average market returns – we should not rely on overly diversifying to protect ourselves…
Because over diversification leads to regression to the mean – which is the opposite of superperformance.
We want to keep a more concentrated portfolio while relying on disciplined risk management, meaning rigorously sticking to all our predetermined stop losses.
Ruthlessly cut losers and systematically take profits on the winners on the way up.
That’s how you win over time.
And now, with a “small-cap summer” coming in – plus ongoing volatility from Biden stepping down…
We have a rare opportunity to really target superperformance.
That’s why later this afternoon at 3 p.m. Eastern…
Ross Givens is going LIVE for a masterclass on how to use his “buying pressure” indicator to position yourself in the most-explosive small-cap stocks…
Potentially right before they surge.
Using this indicator could have led to a 135% gain in the past couple months…
But conditions now are even better than ever.
So, if you haven’t seen this indicator in action yet…
Then make sure to show up to Ross’ LIVE masterclass later this afternoon to see how to put it to work in your own trading.
Here’s the link to register if you haven’t already.
Ross will see you at 3 p.m. ET.
The Traders Agency Team
