Hey friend,
Yesterday’s private sector employment data (unaffected by the government shutdown since it’s compiled by a private payrolls processor)…
Came in surprisingly strong – showing 42,000 jobs added versus 25,000 expected.
We’re getting a lot of “mixed picture” data about the economy, only adding to the uncertainty around the markets.
Let’s see how the indexes have been moving.
The Daily Direction
Note: All indexes closed higher yesterday after Tuesday’s dip – sending the medium-term direction of the Russell 2000 back upward.
The Daily Nugget
The biggest drain on your portfolio are big losses.
This seems obvious…
But the bigger the loss, the harder your other positions have to rise to compensate
For example, assume you’ve allocated the same amount to all your trades.
If you allow a losing trade to hit, say a 50% loss…
That means you need another trade to post a 50% gain just to break even.
But if you cut that losing trade early, say after it falls 10%…
Then your other position only needs to rise 10% to break even…
While anything after that is pure profit.
That’s why big losses are the biggest drain on your portfolio.
And that leads to two critical lessons.
First – stick to your stop losses. Be disciplined.
And second…
Do everything you can to “derisk” your trade.
And tomorrow, Friday at 11 a.m. Eastern…
Head Trader Ross Givens is going LIVE to show you how to “derisk” your stock picks…
By following the best group of traders in the world – the corporate insiders…
High-level execs like CEOs and CFOs openly buying their own company stock, thanks to an SEC loophole.
Imagine being a top-level executive who knows that a big deal is coming down the pipe for your company…
And you’re legally allowed to buy your own company stock before that happens.
How much risk are you really taking here?
That’s the edge these insiders have…
And Ross has developed an entire strategy for following them.
In his live presentation tomorrow, Ross will show you:
- Where to find insider trades before they hit the news
- How to identify the “real” high-conviction buys vs. fake ones
- The 3 insider buying signals that have predicted triple-digit winners
So click here to book your spot for Ross’ live insider presentation tomorrow…
And he’ll see you tomorrow morning at 11 a.m. ET sharp.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
