Hey friend,
Housing starts came in at 1.4 million today – ahead of expectations and last month’s numbers.
And the latest University of Michigan Consumer Survey showed surprising strength in consumer sentiment – significantly above expectations and last month’s readings.
Let’s see how the markets have been moving.
The Daily Direction
Note: Indexes closed lower yesterday and opened lower today as well. Multiple index directions fell into downward territory.
The Daily Nugget
The goal in trading is to get “house odds”.
Naive beginner traders want to win every trade.
Successful professional traders want to get “house odds”.
In a casino, the house doesn’t win every time.
But they always win over time.
That’s because they have “house odds” – an edge that slants the scoreboard toward them…
Making it inevitable that they come out ahead in the long run.
That’s what you want.
Expect to win every trade, and you’ll end up disappointed…
Chasing your losses… ignoring risk management… and falling ever deeper into the hole.
Understand that you just need to tilt the scoreboard a little toward you…
And you’ll be able to ruthlessly cut losers and lock in profits with your winners.
That’s the entire game.
Simple, but not easy.
At Traders Agency, our job is to help you get that edge – to give you the tools you need to get those “house odds”.
But everything else – the discipline, the emotional control…
It’s all up to you.
Enjoy the weekend.
P.S. Don’t forget to join Head Trader Ross Givens’ LIVE trading session happening Monday morning at 9 a.m. Eastern.
The Traders Agency Team
