Hey friend,
We got retail sales data this morning – and it showed the biggest drop in two years.
Weather was one likely factor – but so is economic uncertainty.
Stocks opened higher on the news.
The Daily Direction
Note: All indexes closed higher yesterday, continuing the rebound after the CPI-related drop. No change in any index directions.
The Daily Nugget
You don’t need to be the first one onboard a fast-moving stock.
Have you heard the phrase “pioneers get the arrows, settlers get the land”?
You don’t always want to be the first…
And that applies to trading as well.
You want to be early but not too early.
It’s better to give up a little potential gains in order to drastically lower your risk.
That’s why one of Head Trader Ross Givens’ key trading principles is “follow the money”.
Yeah, you won’t be the first one in…
But you’re going in with the “big money” on your side…
And as long as you know how to get in relatively soon after the “big money”…
You’ll always be able to find market-beating opportunities.
So keep following what Ross Givens writes…
And you’ll always be able to know where the money is moving…
And what’s really going on in the markets.
Stock markets are closed next Monday, so this newsletter – and Ross’ – will resume Tuesday.
Have a good weekend…
And remember – you don’t have to be a pioneer to win.
The Traders Agency Team
