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Feeling A Bit TOO Excited?


Hey friend,

Let’s see how markets have been moving as we start a new (shortened) trading week.

The Daily Direction

Note: Bad news is good news again, and all indexes ended last week higher after a rise in unemployment numbers sparked hopes that the Fed will put a stop to its rate hiking cycle. All index directions have flipped back upward.

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The Daily Nugget

If you feel extremely excited about a particular trade – be careful.

Good traders win over the long term.

To do that, they know their edge, know when to trade (and when not to), and know how to protect their downside.

If a trade goes their way great – all part of the system.

If it doesn’t – they just exit at their predetermined stop loss. It’s no big deal, all part of playing the odds.

This means that if you find yourself getting a bit TOO excited about the outcome of a particular trade – you should be careful.

Know your edge and keep refining it – but never get too emotionally invested in the outcome of any one trade. Because that’s a recipe for failure.

The Traders Agency Team

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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