Hey friend,
We got some manufacturing data and leading economic indicators this morning – both of which remained largely unchanged from last month.
The Daily Direction
Note: All indexes closed largely flat on “Fed day”. And while they all opened markedly higher this morning, they’ve been trending downwards through the day. No change in any index directions.
The Daily Nugget
The chop is where most traders lose focus.
Whipsaw action isn’t just hard on your account – it’s hard on your mindset.
It creates doubt.
Traders start questioning their setups and second-guessing their plan.
They may reach for trades they’d usually pass on…
Or pass on trades that they may normally snap up.
That’s exactly what this kind of market does.
It disrupts your focus – and by extension, your ability to execute on your strategy.
But traders who’ve been through this before – like Head Trader Ross Givens – know how to stay locked in.
They don’t react to every flicker.
They stay focused on their strategy…
Constantly scanning for their preferred setups amid all the noise.
That’s the mindset traders should aspire to reach.
And the more you read the thoughts of someone like Ross…
The more you watch how they trade… how they act…
The easier it will be for you to absorb this winning mindset.
Enjoy your weekend and rest up.
Monday is a new trading week – with new opportunities.
The Traders Agency Team