Let’s see how the markets have been moving as we enter the middle of the trading week.
The Daily Direction
Note: Indexes reversed course yesterday on the back of positive economic data, with all indexes closing higher. All directions are now back in the green.
The Daily Nugget
The market may be volatile – but your emotions cannot be.
There’s likely to be higher volatility this week as the big institutional investors rebalance their portfolios for the end of the quarter.
The more volatile the market, the more it stokes your emotions – whether greed or fear.
That’s perfectly normal.
But perfectly normal people don’t become successful traders.
Successful traders keep their emotions steady no matter how volatile the market is.
That’s their advantage. That’s what allows them to exploit the volatile market conditions – instead of being swept away by them.
Of course, to do that, you need to pair that emotional control with the right trading strategy.
We can’t help you with the emotional control part.
But we can help you with the strategy part.
The Traders Agency Team