Hey friend,
Fed Chair Powell is giving his press conference right now.
Expect volatility as the market digests his comments.
The Daily Direction
Note: All indexes closed lower yesterday, with the Dow’s medium-term direction falling into downward territory. Could these trends be reversed after today?
The Daily Nugget
Always remember the goal of trading is making money – not proving you’re right.
It can be a giddy feeling to be more educated about the markets than the rest.
Friends and family may ask you about it…
And when you’re able to give educated opinions about what’s going on and what’s likely going to happen – they stare at you in wonder.
But if you’re not careful, this can become a costly trap.
Because you may start to try to “prove” you’re right about the markets…
Instead of focusing on what really matters in trading – making money.
Because here’s the thing…
You can be “wrong” about the markets rather often…
And still be a highly profitable trader!
It all has to do with capping losses through disciplined risk management…
Being willing to “lock in” your gains by selling into strength…
And being able to take so-called “contrarian” positions in the market.
Here at Traders Agency, we can’t do the buying or selling for you.
We can give you all the knowledge and information – the highest-percentage trades, the stop loss points, the profit targets…
But ultimately, it’s you that has to pull the trigger.
As Head Trader Ross Givens has noted, right now we’re in the middle of a “hidden” pullback.
This is a prime positioning opportunity – so don’t miss it.
Click here to watch this video of Ross breaking down one of his top pullback buying strategies now.
The Traders Agency Team
