The latest data on home sales and consumer confidence came through – and it didn’t help market sentiment at all.
Add that to fears of yet another government shutdown, and you have yet another down day in the markets.
The Daily Direction
Note: All indexes closed sharply lower yesterday. The most concerning was the Dow – which posted its worst day since March – and saw its long-term direction flip downward.
The Daily Nugget
Do you view volatility as uncertainty or opportunity?.
Both are true from a certain perspective.
So the only question is – which perspective should you take?
Much in the same way that research has proven that optimists have better longer-term mental and physical well-being…
We would argue that viewing volatility as opportunity sets you up better for long-term success.
Trading is hard enough – don’t make it any harder by always taking the negative perspective.
Of course, this doesn’t mean blindly wading into trades with a Pollyanna attitude – you still have to be smart about it.
But in the long run, the smartest thing you can do could be to view volatility as opportunity.
And if you want to get a hold of a strategy that’s ideal for converting market volatility into opportunities…
The Traders Agency Team