Hey friend,
We had more consumer confidence data come in this morning.
Unsurprisingly, it showed a continued drop compared to last month. However the magnitude of the drop was smaller than what economists were expecting.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed higher yesterday and gapped up higher this morning as well – keeping all index directions in the green.
The Daily Nugget
“Risk taking is the highest virtue, the only signal that you cannot fake”
~Nassim Taleb
Anyone can have an opinion.
Anyone can say they’re bullish, bearish, cautious, or confident.
But none of that means much until there is risk attached.
That is where trading separates talk from truth.
The moment you put capital on the line, your process has to prove itself.
Your discipline gets tested. Your sizing gets tested. Your ability to follow the plan gets tested.
That does not mean taking reckless risk.
It means understanding that trading is not a spectator sport.
You cannot build real skill by only watching from the sidelines.
And you cannot prove a process without letting it face the market.
The key is to take risks the right way.
And one of the smartest methods for doing that…
Is to follow a trading process that has already “gone through the fire”…
That has already faced the market…
And proven that using it will place the odds on your side.
Head Trader Ross Givens will share more on his proven process tomorrow.
In the meantime, with the SpaceX IPO potentially coming up in just a few weeks…
The Traders Agency Team
