Hey friend,
We were supposed to get the December jobs openings data today – a report that was previously delayed due to the government shutdown.
Well, thanks to the partial government shutdown we’re in right now…
That report has been delayed as well – and so will the rest of the jobs data (from the government) this week.
That means tomorrow’s private sector employment data will hold more weight.
Let’s see how the markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday but have been moving lower today – sending multiple index directions downward.
The Daily Nugget
Price action can also show you how to manage risk.
Risk management in trading comes down to two main tools…
Position sizing and stop losses.
But in order to use those two risk management tools effectively…
You need to be able to gauge just how risky a stock is beforehand.
So the question is – how do you do that?
Price action can give you the answer.
An experienced trader – like Head Trader Ross Givens – can glance at a stock chart.
And without knowing its name or even the sector it’s in…
Can give you a pretty accurate gauge of just how risky that stock is…
And how to best manage your risk.
That also means – if you don’t understand how to read price action…
You don’t know how to properly manage risk – which is a big reason why traders fail to do so.
That’s the power of price action – it is also an effective way of gauging risk.
But of course, just as it can gauge risk…
It can also help you spot opportunities.
And tomorrow, Wednesday February 4 at 3 p.m. Eastern…
Ross is going LIVE to break down his most explosive breakout price action setup…
A pattern that could have led you to stocks that have exploded 270% in 70 days… 177% in 11 days… even 148% in just 2 days.
He’ll reveal everything tomorrow – so don’t miss it.
Just click here to save your free seat…
And Ross will see you Wednesday afternoon at 3 p.m. ET.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
