Hey friend,
Nothing on the economic calendar today.
Tomorrow, we get the minutes for the previous Fed meeting…
Which given, it was Warsh’s first one as Fed Chair, should be an interesting one.
Let’s see how markets have been moving.
The Daily Direction
Note: Indexes closed higher yesterday but opened largely lower today. The short and medium-term directions for the Nasdaq dipped back into negative territory.
The Daily Nugget
Leadership changes before the crowd notices.
Trading involves risk.
There is no getting around that fact.
If you want to make a profit, you need to risk capital.
As they say, no risk – no reward.
But what they don’t say is:
How much risk for how much reward?
Because the risk-reward ratios in most trades are NOT distributed evenly.
Some trades give you very low reward for proportionally high risk…
While others can give you a very high reward for a proportionally low risk.
Those are the kinds of trades you want to go after…
Trades where there is a clear asymmetry between the trade’s risk-reward profile.
Of course, most traders have no idea how to gauge a trade’s potential risk or reward.
In other words – they’re flying blind.
That’s why tomorrow, Head Trader Ross Givens will share his #1 risk-reward setup of all time…
A setup that could deliver an explosive reward – for commensurately low risk.
So make sure you keep an eye out in your inbox for the details tomorrow.
In the meantime, if you own even a single share of SpaceX…
Then make sure you click here to watch Ross’ urgent “50% SpaceX collapse” warning now.
The Traders Agency Team
