Hey friend,
The big job openings numbers came in earlier this morning.
The figure showed 7.62 million job openings – a 731,000 increase from last month – and the highest level in 2 years.
It was also well ahead of median forecasts of just 6.9 million.
The Daily Direction
Note: Indexes closed slightly higher yesterday and have been moving higher today as well – keeping all index directions in the green.
The Daily Nugget
Don’t major in the minors.
You may have heard the saying “don’t major in the minors” before.
It means don’t bother focusing your time and effort into things that will only give you a small payoff – even if successful.
It’s closely related to the 80/20 rule…
Which, broadly speaking, states that 20% of actions will be responsible for 80% of results…
So 80% of your efforts should be focused on that 20% of actions instead.
Don’t major in the minors…Major in the majors instead.
When it comes to choosing trading strategies…
That means avoiding all these overly complex “scalping” type strategies designed to eke out a tiny bit of profit on each trade…
And usually require massive amounts of leverage to make work.
Instead, we want to focus on relatively simple, easy-to-execute strategies that can still deliver explosive returns…
No leverage or constant stock watching required.
Head Trader Ross Givens will share more on one such strategy tomorrow.
In the meantime…
Check out the details on this $2 stock that could be Trump’s next $1 billion bet.
The Traders Agency Team
