Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed lower again yesterday after the latest Fed minutes showed officials still classifying inflation as a “significant” risk – raising fears of higher-for-longer interest rates. No change in any directions, however.
The Daily Nugget
Volatility is something to be respected – not ignored.
Oftentimes, you’ll hear these so-called “long-term investors” telling people to ignore market volatility and stay invested because the market will ultimately only go up.
If you’re a trader looking to make money now – not 10 years from now – don’t listen to them.
You should absolutely respect volatility, instead of ignoring it.
That’s why when the current pullback was just beginning, Ross Givens had zero qualms about telling his Alpha Stocks members to close out their positions and lock in their open gains.
He respected volatility – and that move turned out to be for the best.
So, the next time someone tells you to ignore volatility – ignore them instead.
The Traders Agency Team