Hey friend,
This morning’s selloff could derail what was set up to be a positive week for the markets.
Let’s see what’s been happening in the indexes.
The Daily Direction
Note: All indexes except the Russell 2000 closed essentially flat yesterday, with the Russell 2000 rising slightly. This morning however, a selloff in tech stocks has been dragging down the indexes. No change in any index directions.
The Daily Nugget
Smart traders understand that all opportunities are fleeting.
Yes, it’s true there are always opportunities in the market if you know where to look.
But it’s also true that ALL opportunities are fleeting.
At some point – often faster than most expect – they will expire.
That’s why smart traders are fast actors.
The moment they see an opportunity…
The second they realize the odds are in their favor.
They take decisive action.
This does not mean they’re impulsive – they also safeguard their moves with disciplined risk management.
The combination of these two traits – fast action on opportunities and discipline with risk management – is incredibly powerful.
2024 is almost over, and 2025 is looming.
Think about these two traits carefully…
See how you can apply them more in 2025…
And the odds of you crushing it in 2025 will go up dramatically.
This newsletter will be taking a short break for the first half of next week and resume next Thursday, the day after New Year’s.
Enjoy the holidays.
The Traders Agency Team
