If you read the financial news, you’ve probably already heard all about the “biggest one-day drop in the Nasdaq since October 2023”.
But as The Daily Direction table shows, you have much less to worry about than you think.
The Daily Direction
Note: All indexes except the Dow closed lower on the first trading day of the year. And while we may see short-term directions flip negative in the coming weeks, remember that this would likely just be a sign of a brief and healthy pullback.
The Daily Nugget
Filter the financial news in the context of your time horizon.
Warren Buffett holds stocks for decades – so he probably doesn’t worry about how the market moves on a daily, monthly, and maybe even yearly basis.
The trading strategies we teach here at Traders Agency generally have you holding your positions for a few weeks to months.
But we’re NOT day traders – traders who close out their positions at the end of each day, and usually use a lot of leverage.
So, we shouldn’t let how the market moves on a daily basis overly influence us.
Remember, filter the news in the context of your time horizon.
That’s what will keep you grounded, making it easier for you to stick to your trading strategies.
Because what may look like a cause for concern to the layperson may actually be an opportunity trigger for a particular trading strategy.
That’s why in just a few hours at 4 p.m. Eastern today…
Ross Givens is going LIVE for a masterclass on his strategy for taking maximum advantage of these “pullback opportunities” that often happen mid-rally.
We don’t know how long this pullback will last, so seize your chance while you still can.
Block your calendar…
And watch for the login details that’ll be sent to your inbox soon.
Ross will see you in a bit.
The Traders Agency Team