Hey friend,
We got more consumer confidence data this morning.
And despite so much doom-and-gloom talk, it came in significantly stronger than expected.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed lower yesterday on tariff uncertainty and AI disruption fears. And while they’ve been moving higher today – all index directions remain unchanged.
The Daily Nugget
Skilled traders need to get use to average people disagreeing with them.
If you’ve been following Ross Givens for a while…
Then here’s one thing you need to remember:
You’re probably no longer thinking like the average retail trader.
You may not even realize it.
A lot of times, the upgrade in your thinking comes on so gradually, you may feel like nothing’s changed.
But it most likely has.
Remember, the “average” retail trader actually has no real idea how to trade.
They like the idea of trading…
But they don’t have the skills, knowledge, or mindset required to make it work.
That’s why they’re so influenced by what the talking heads on the news are saying – instead of what the market is actually telling them.
That’s why they’re always one step behind the market.
And why they always miss out on the opportunities the market is giving them.
That is no longer you (and even if you don’t feel this way right now, keep following what Ross says and you soon will).
Now, we would never suggest you become arrogant – because that’s just setting yourself up for a big fall.
And no matter how good you are – no matter how many years you have in the markets – there’s always something new you can learn.
But that doesn’t mean you should confuse yourself with the average Joe when it comes to the markets.
Because if you do, you’ll end up “regressing” to their level of thinking – which will affect your trading (and not in a good way).
So don’t become arrogant…
But also recognize that you’re most likely thinking about the markets in a different way than most…
Which means you shouldn’t be surprised if their opinions differ from yours often.
It’s just how it’s supposed to be – so get used to it.
The Traders Agency Team
