Hey friend,
This morning, we got the Producer Price Index data…
Which came in flat for the month – below the estimates of every single economist.
Tomorrow, we have the weekly jobless claims, retail sales, and import price data.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed lower yesterday, with the exception of the Nasdaq. And while indexes opened higher today, they’ve been moving lower through the day. However, still no change in any index directions – for now at least.
The Daily Nugget
Don’t confuse predictions for strategy.
It’s a common mistake – especially for newer traders.
They see an experienced trader buy a stock and assume it’s a prediction: this stock will go up.
But that’s not what’s happening.
Expert traders aren’t guessing – they’re following a process.
Every trade is a calculated decision, made according to a repeatable strategy with defined risk.
It’s not a bet on being right. It’s a bet based on probability.
From the outside, it may look the same. But the mindset behind it couldn’t be more different.
One is built on hope. The other is built on process.
If you don’t fully grasp that difference yet – that’s okay. Every skilled trader had to learn it, too.
We all have to start somewhere.
But keep following people like Head Trader Ross Givens…
And sooner than you think, you’ll understand the difference between strategy and predictions…
And you’ll be a better trader for it.
The Traders Agency Team
