Hey friend,
Markets will probably post a weekly loss for the first trading week of the second quarter.
Is this the overdue pullback? We’ll just have to wait and see.
The Daily Direction
Note: All indexes closed lower yesterday, and as you can see – it has sent several index directions heading downward.
The Daily Nugget
The ability to stomach volatility is a trading superpower.
Why do so many people pull out during pullbacks – even when they know it’s unlikely to last?
It’s emotional. They simply don’t have the stomach for volatility.
If you can stomach volatility – while still keeping to your stop losses – you’ll have a powerful advantage over most traders.
Because it will allow you to keep strategically positioning yourself during pullbacks – handing you entry points at lower prices.
And this strategy is how you target the exact stocks that are pulling back like a slingshot – poised to launch higher – instead of sinking like a rock.
The Traders Agency Team
