Hey friend,
Here’s how markets have been moving as we enter the middle of the week.
The Daily Direction
Note: Stocks closed a shortened trading week mixed – with no changes in any market direction.
The Daily Nugget
Too much information can be just as bad as too little.
Too often, beginner – and even intermediate – traders try to collect as much information as humanly possible before jumping into a trade. They think that it’ll help them mitigate their risk, to increase the probability of success.
Up to a certain point, that’s true. Nobody should be jumping into random trades without a clearly defined thesis.
But that’s not the same as trying to consume as much information as possible before making a move. In fact, a study done on horse betting proved that giving even experienced punters too many data points about a horse actually lowered their probability of success.
You’ll never have perfect information. So strip it down to the essentials – then act. Not only will you likely have better results, but you’ll spend less time with less stress.
That’s why when Ross Givens hands his students information, he never overloads them. He only hands them what they need to know.
And many are surprised to learn that this is much less than they expect.
For instance, if the ONLY thing you know is Ross’ favorite pattern, you could still pocket triple-digit gains. Find out more about this #1 pattern here.
The Traders Agency Team
P.S. Want special trade prospects and potential market moves from Ross sent directly to your phone so you don’t miss out on anything? Text the word ross to 74121 now.
