Let’s see how markets have been moving as we start a new trading week.
The Daily Direction
Note: A slightly negative close for the markets last week on signs of higher wholesale inflation – but not enough to shift any directions.
The Daily Nugget
Different time horizons require different strategies.
This might seem obvious, but let’s look at how it’s playing out right now.
Early last week, Ross Givens told his Alpha Stocks members to exit all their open positions – allowing them to lock in their gains before the market sold off further.
But this sell recommendation was NOT because Ross believes the bull market is over. Rather, it’s all about the time horizon.
If Ross were a long-term investor, he would have held through what will likely be a short-term pullback in the middle of a broader bull market.
But Ross, his students (and likely you) are not long-term investors – they’re traders. The goal is to make as much as you can and get the heck out of the way when things turn south.
This is how time horizons change your strategies.
And if you’re looking for a proven strategy that’s specifically designed to target multiple fast gains – make sure you check this out.
The Traders Agency Team