Hey friend,
The Fed is about to announce its decision, which will be followed immediately by Fed Chair Powell’s press conference.
On Friday, the Fed’s preferred inflation gauge – the PCE Index – is due to be released.
But with the ongoing government shutdown, it’s unlikely we’ll get the data on time.
The Daily Direction
Note: Indexes closed mixed yesterday but opened broadly higher today. All index directions remain in the green.
The Daily Nugget
Smart traders understand how to sell into strength – and into weakness
There is a saying in trading…
Cut your losers early – and let your winners run.
The first part of that is 100% true – you should cut your losers early and ruthlessly. That’s what stop losses are for.
But you shouldn’t just let your winners keep running without taking any profits.
This is especially the case if you’re a swing trader…
Because if you don’t have a plan to realize your profits…
You’ll quickly realize that there are no profits to be had.
But how – and when – do you sell?
A common piece of advice is to sell into strength.
And while that’s solid advice, it’s still only half the story.
You see, smart traders understand how to sell into strength AND weakness.
That gives them the best chance of turning paper gains into real money.
So, how do you sell into strength and into weakness?
Well, that’s a question with a highly nuanced answer that’s too long to explain here.
The good news?
Head Trader Ross Givens has just shot a video for his YouTube channel breaking down everything you need to know about this.
So just click here to watch Ross’ video on selling into strength and weakness now.
The Traders Agency Team
