Hey friend,
We got some new consumer confidence numbers this morning.
And they seriously underperformed both expectations and last month’s figures.
We also got the big job openings numbers.
At 7.1 million, they were beneath both the expected 7.2 million and last month’s 7.3 million.
Let’s see how markets have been moving.
The Daily Direction
Note: Indexes closed lower yesterday and have been moving lower today as well – sending the short-term direction for the S&P 500 back downward.
The Daily Nugget
Don’t confuse a bad market with bad trading.
When the market gets choppy, good setups fail more often.
Breakouts stall.
Stocks reverse.
You get stopped out of trades that looked perfectly fine going in.
After a few of those, it’s easy to start thinking something is wrong with your strategy.
Maybe there is.
But sometimes the market is just bad.
The important part is what you do next.
Because frustration can turn one normal loss into three bad trades.
You get stopped out…
Then chase the bounce.
Or force another setup because you want to make the money back.
That’s how a bad market turns into bad trading.
Take the loss.
Reset.
And make the next trade earn your money.
The Traders Agency Team
P.S. According to Ross, gold is now giving us a second chance. Here’s what he’s buying.
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