Time to see how the markets have been moving as we close out the trading week.
The Daily Direction
Note: Markets closed largely flat on the back of yesterday’s inflation data. No change in any index directions.
The Daily Nugget
Tighter markets, tighter stops.
Let’s keep this short and sweet.
When the market is tightening up – like it is now – your stops should tighten as well.
Sure, that means a higher chance of hitting your stops and potentially missing out on any upside recovery.
But tighter stops will keep you in the game – and that’s what’s most important.
The Traders Agency Team
P.S. Ross Givens is going LIVE tomorrow at 11 a.m. Eastern to showcase how to apply his top-performing strategy in today’s uncertain markets.
And you’ll start Monday with a fresh perspective on markets most traders will never have.