Hey friend,
Check out how markets have been moving.
The Daily Direction
Note: A pretty flat day in the markets as investors await Fed Chair Powell’s upcoming comments.
The Daily Nugget
Big losses not only decimate your account, but also wreak havoc on your psychology. Keep your losses small.
The bigger the loss, the more devastating the impact on your psychology. You desperately chase the loss – compounding it and dragging your account down further. You lose confidence. You want to give up. It’s a trading death spiral.
Sure, the above is a worst-case scenario. But it’s not improbable – and it’s something you want to avoid at all costs.
That’s why the best traders keep their losses small – ruthlessly cutting their positions after it’s fallen below a certain threshold.
You should do the same. Don’t get too attached to any one trade. Remember, there’s plenty of fish in the sea.
And if you don’t think there are plenty of opportunities out there right now – Ross Givens is all too happy to prove you wrong.
Just click here to see his strategy for spotting stocks with the highest potential for defying the market and blasting off to new heights. They’re way more of them out there than you think.
The Traders Agency Team
P.S. If you want special trade prospects and potential market moves from Ross sent directly to your phone – so you don’t miss out on anything – just text the word ross to 74121.
