Hey friend,
Let’s see how the markets have been moving as we end the trading week.
The Daily Direction
Note: It was another red day for the indexes, with all of their short and medium-term directions now trending downward. All long-term directions remain in the green, however.
Right now, we’re witnessing a monumental shift in the world. AI is changing everything about the way people earn, spend, save, and invest their money.
Full details revealed in our special video presentation here.
The Daily Nugget
Before blaming the strategy – look at how you’re executing it.
Different strategies work better during different times.
If a trader is primarily using breakout strategies – and is STILL trying to use them during extended pullbacks – he shouldn’t be surprised if he gets negative results.
The issue is not with the strategy, but with himself for executing it at the wrong time.
This is not to say a strategy itself cannot be suboptimal.
But most strategies operate on sound and proven principles.
So, if a strategy isn’t working, make sure to look at your execution first.
The Traders Agency Team