Hey friend,
We were supposed to get retail sales and CPI data this week – but that didn’t happen because of the government shutdown.
Still, there are unofficial private sector alternatives.
Based on those alternatives, it’s likely that retail sales slowed down in September after a wave of summer spending.
And inflation could be the highest we’ve seen since October 2023.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed lower yesterday but opened higher this morning. The short-term directions for the S&P 500 and Russell 2000 are back in the red – but barely.
The Daily Nugget
There are two ways to control your emotions in trading – discipline and a proven process.
Everyone knows that emotion kills your gains in trading.
But knowing is far from doing…
Because we are all emotional creatures, and when real money is at stake – it is only natural for emotions to come to the fore.
The best traders know how to keep their emotions in check.
Most of them are indeed emotionally disciplined.
But that’s something that can take years of effort…
Decades of watching the market cycles play out, and seeing how people (and themselves) react to them.
That’s a long, hard road.
Very few reach this level of emotional discipline.
But there’s another far easier way that these top traders also use…
One that is accessible to every trader out there.
And that is following a proven rules-based process.
Process mitigates emotions. And not just in trading.
Airline pilots do it.
Surgeons do it.
Soldiers do it.
And their stakes are far higher than what we face in the markets.
That’s what we do here at Traders Agency.
We can’t give you emotional discipline.
But we can give you rules-based processes you can follow in your own trading…
Proven strategies that will automatically catapult you ahead of the pack.
Keep working on your emotional discipline.
But in the meantime, follow the process.
Have a good weekend.
The Traders Agency Team
