Hey friend,
We got the latest weekly jobless claims this morning, which showed a surge that came in ahead of expectations.
However, a lot of this surge is likely due to the difficulties in adjusting the numbers for seasonal fluctuations.
Let’s see how markets have been moving.
The Daily Direction
Note: All indexes closed higher yesterday – with the small-cap Russell 2000 index posting the largest gains. And while indexes opened mixed today, all index directions remain upward.
The Daily Nugget
Understand what it takes for an edge to work.
Every successful trader has an edge.
Many of these edges can – and should – be copied.
But before you go ahead and do that, it is critical you understand what it takes for an edge to work.
For instance, consider the Medallion Fund – the most successful hedge fund of all time.
They made an unprecedented 66% average annual return before fees – absolutely crushing Warren Buffett’s performance.
You may have heard about this before.
But what you probably haven’t heard is that – to achieve these returns – the Medallion Fund took on extremely high amounts of leverage…
Often averaging 12.5 times its equity.
That means if one of their positions dropped just 8% – they would be completely wiped out on that position.
Did they have an incredible edge? Yes.
Did it result in absolutely incredible returns? Yes.
But to make that edge work, they had to take on dangerous levels of leverage – amounts that would be irresponsible for most retail traders.
This is what we mean when we talk about understanding what it takes for an edge to work.
You need an edge that is possible for you to follow…
AND one that you have the ability to make work.
If an edge doesn’t meet both these criteria – don’t bother.
And tomorrow, Friday morning, at 11 a.m. Eastern…
Head Trader Ross Givens is hosting a FREE live presentation to break down a powerful edge anyone can follow and make work.
This edge could have led you to a solid 72% gain in just the past few weeks alone…
And with market conditions lining up – gains like these could just be the start.
So click here to register for Ross’ free live walkthrough tomorrow…
And he’ll see you Friday morning at 11 a.m. ET.
The Traders Agency Team
