Time to see how markets have been moving.
The Daily Direction
Note: Crude oil prices jumped yesterday after Saudi Arabia and Russia extended supply cuts. This weighed on markets, with all indexes closing lower. The short and medium-term directions of the Dow Jones and the Russell 2000 flipped downward.
The Daily Nugget
The ability to stick to a strategy is what separates the pros from the amateurs.
Amateurs run into a few losing trades, lose faith, and quickly abandon their strategy in favor of the next shiny object.
They never stick around long enough to build the foundations of long-term success – which is why most of them lose money trading.
The pros, on the other hand, know how to stick with a strategy.
They understand its edge, and they know losses are just part of the game. When they hit a losing streak, they tighten their stop losses and keep going.
They may decide to change the strategy later on – but only after enough time has passed, or if market conditions have changed.
But they know that sticking to a strategy is what allows them to build the foundation of a winning account.
Remember, pros win – amateurs lose.
If you want to win like a pro – act like one. And that starts with being able to stick with a strategy.
The Traders Agency Team
P.S. If you don’t have a winning strategy in your pocket already – good news.
Because as part of our extended Labor Day special, you can pick up Ross Givens’ flagship strategy for just 99 cents by clicking here. Grab it before it’s too late.