Hey friend,
We got some manufacturing data this morning, which showed continued slight growth that came in a bit ahead of expectations.
But the biggest news is the escalating situation in the Middle East.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed lower to end last week. And while they predictably opened lower this morning on news of the Iran escalation, they’ve actually been regaining ground throughout the day.
The Daily Nugget
Information can help you fight irrationality
You don’t need us to tell you that people are, by and large, irrational…
Which means that markets are as well – especially in the short term.
This is a feature, not a bug.
It’s not something we can change…
And it’s not something we want to change.
Because this irrationality creates opportunity.
The question is – how do you remain rational and balanced so you can take advantage of other’s irrationality?
Because after all, we are all human…
All subject to the same psychological biases.
The answer to staying as rational as possible during times like this is information.
Not clickbait nonsense shoved down your throat by the mainstream media.
But real information with predictive value.
That’s what we attempt to do with our content – especially in Ross’ newsletter.
And when you pair that information with a winning trading routine…
Like the one Ross describes in this new blog post here…
You’ll come out ahead of 99% of all traders.
The Traders Agency Team
