Hey friend,
The usual weekly jobless claims numbers came in this morning.
At 209,000 it was a slight increase from last week – and also marginally ahead of expectation.
We also received productivity data from the third quarter, which came in bang on in line with expectations.
Tomorrow, we’ll get some major producer price data.
The Daily Direction
Note: Indexes closed mixed yesterday after the Fed decision, but with no big movements. But they’ve been moving sharply lower this morning, dragged down by weak Big Tech earnings – sending all short-term index directions downward.
The Daily Nugget
Successful trading is all about taking asymmetric risks.
Most traders think the secret to success is winning more trades. But that’s not the real game.
The real game is asymmetry – making sure your wins are bigger than your losses.
In truth, your “win rate” in trading is almost irrelevant.
A trader who wins 90% of the time but makes $1 on wins and loses $10 on losses will soon find their account depleted.
Meanwhile, a trader who wins just 40% of the time but makes $5 for every $1 risked will compound into serious profits.
It’s all about finding the highest reward-risk ratios…
Aka trades with the highest level of asymmetry.
So where do you find asymmetric trades – the ones with the highest reward relative to risk?
Well, that’s what Head Trader Ross Givens is going LIVE to show tomorrow, Friday morning at 11 a.m. Eastern…
A way to generate asymmetry by leveraging inside information to select our trades.
The corporate insiders and politicians have been doing this for years to make a killing…
And tomorrow, Ross is going to show you how to “borrow” this edge for yourself.
Some of these inside plays have shot up by 1,000% or more – and triple-digit gains are not uncommon.
So make sure you click here to register for Ross’ free training session tomorrow…
And he’lll see you Friday morning at 11 a.m. ET.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
