Time to see how markets have been moving.
The Daily Direction
Note: Markets closed down yesterday on worries that the debt ceiling deal would get stalled at Congress. Well, the opposite happened – so let’s see how things shake out today.
The Daily Nugget
In trading, the real mistake happens when you refuse to adjust after things change.
Made a long trade and the stock immediately starts going down?
It’s not a big deal – it happens to every single trader. There’s no such thing as a 100% win rate.
As long as you’re sticking to a strategy that hands you a net positive over the longer term – you’re good.
But the REAL mistake happens when you stubbornly refuse to adjust after a trade goes against you.
Whether that’s scaling back your position – or even exiting it altogether…
Refusing to make the necessary adjustments in the stubborn hopes that the market will come back in your favor is the biggest mistake you can make.
Just look at all the people preaching doom-and-gloom over the debt ceiling – crying about how the US was sure to default on their debt obligations.
Think they’re going to readjust their positions now that a debt deal will probably be reached before the weekend?
Unlikely – they’re just too “stuck” to their positions. This is something we never want to be as traders.
The truth is, with a debt deal practically in the bag, the market has plenty of strong reasons to lift off…
Meaning there’s no better time than now to put Ross Givens’ #1 chart pattern to work for you.
This is a chart pattern that could have handed you gains like 61%, 97% and 142% in this exact market…
And Ross is going LIVE right now to show you exactly how you can put it to work in your own trading.
And get ready to see a whole new landscape of opportunities.
The Traders Agency Team
P.S. If you want special trade prospects and potential market moves from Ross sent directly to your phone – so you don’t miss out on anything – just text the word ross to 74121.