Hey friend,
Nothing on the economic calendar today…
But the market has been optimistic that the government shutdown may end this week.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday and mostly opened higher this morning as well – keeping all index directions in the green.
The Daily Nugget
In the markets, trend is more important than position.
For a trader, knowing where a stock is going is more important than where it is right now.
It doesn’t matter if the stock is at the bottom or at the top…
What really matters is where it’s headed next…
Which makes the trend (where it’s going) more important than the position (where it is now).
Of course, the position influences the trend, so you do need to pay attention to it…
But the trend is always the primary factor.
Too often, so many traders are worried about buying a stock at the top or bottom.
In other words, they’re too focused on position instead of trend.
You can make money in stocks at the highs or at the lows – as long as the trend is on your side.
That’s the advantage us traders have over long-term investors.
While they’re worried about whether the AI bubble will burst and tank their portfolio…
You can just keep riding the trend on the way up…
And get out when the trend turns against you.
Plus, even if the AI bubble pops – make no mistake…
There will be stocks in other sectors that will still be trending up – even as the tech stocks are trending down.
That’s how you keep going after profits no matter what the market is doing.
Pay important to trend – not position.
The Traders Agency Team
