Hey friend,
Nothing on the economic calendar today – and a pretty light week overall.
Tomorrow we get the latest retail sales data, which should tell us how consumer spending has been affected by the war.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed higher again last Friday but opened slightly lower today. Still, no change in any index directions – which all remain upward.
The Daily Nugget
Focus only on what you can control.
We cannot control what happens in the Strait of Hormuz.
We cannot control what happens in Iran.
We cannot control how the White House will act.
And we can’t even control what the market does.
So what are the things we can control?
We can control what risk management protocols we follow…
How we react to market-moving news…
Our position sizes…
And the choice of our trading strategies.
Those are what are in our control…
So those are what we should be focusing on.
Yes, it’s important to understand what’s going on…
But we don’t want to dwell and ruminate on it – and let it steal our focus on the things that are actually in our control.
Remember, one of the things we can control is the best strategy to match the current environment.
And tomorrow morning, Head Trader Ross Givens will share something on how exactly to do this.
Speaking of control though…
The Traders Agency Team
