Hey friend,
Let’s see how markets have been moving.
The Daily Direction
Note: The positive market momentum stayed strong, leading to all indexes closing positive yesterday – even as the Fed hiked rates and left the door open to future rate hikes.
The Daily Nugget
99% of the time, it’s better to buy on strength instead of weakness.
Every trader dreams of buying that beaten-down stock that everyone has written off – right before it makes a huge comeback.
In 99% of cases, those scenarios are just that – dreams.
Buying on weakness is a surefire way to deplete your account and go broke.
What you want to do is buy on strength instead.
This doesn’t mean not buying stocks that have seen large price decreases. It just means buying these stocks only when their price is showing sure signs of strength.
This will put the odds in your favor every time. And what is trading if not a game of odds?
The Traders Agency Team
P.S. All of Ross Givens’ breakout strategies are predicated on buying on strength – and they’ve delivered incredible results this year.
So if you don’t already have access to his flagship strategy, be sure to click here to find out how you can do so right now.
