Let’s see how markets have been moving as we close out the trading week.
The Daily Direction
Note: Bad news around Apple, oil price increases, worries about more Fed rate hikes thanks to lower-than-expected jobless claims – they all worked in concert to weigh down on indexes. All short and medium-term directions have thus flipped downward.
The Daily Nugget
Becoming a better trader requires unlearning many preconceived notions about how the market works.
Many people have completely misguided notions about the market.
These can include believing that markets are completely efficient… that you should diversify your portfolio into at least 30 stocks… or that getting in and out of trades quickly is “bad”.
As you become better and better at trading, you’ll naturally find a lot of these beliefs falling away from pure empirical evidence (i.e. the proof right in front of your eyes).
But if you can consciously challenge these beliefs even before then – you’ll make faster progress.
Just something to keep in mind before the weekend hits.
And if you want to get a head start on your trading journey, then make sure you take advantage of our extended Labor Day sale (gone after this week).
You can equip yourself with Ross Givens’ flagship strategy – plus a bunch of bonuses – for just 99 cents.
No catch – just pure value for your trading journey.
The Traders Agency Team