Hey friend,
Let’s see how markets have been moving as we end the trading week.
The Daily Direction
Note: Despite Nvidia’s blockbuster earnings, the market rally fizzled out with the bears taking over. All indexes closed lower.
The Daily Nugget
“If you wake up thinking about a position, it’s too big.”
Markets are in a rough patch right now.
So when taking trades, make sure you adjust your position sizing accordingly.
How much to adjust? Well that’s individual, so we can’t say. But the quote above is a helpful guide – if it wakes you up at night, you’ve staked too much on that trade.
There are still profits to be made out there (there always is).
But you have to be cautious. And in trading, that means adjusting your position size.
The Traders Agency Team
