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.
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