Hey friend,
Here’s how the markets have been moving.
The Daily Direction
Note: The financial sector dragged the entire market down yesterday, flipping many of the index directions downward.
The Daily Nugget
Days like these highlight the importance of stop losses.
Imagine being a trader with a high exposure to financial stocks – and without any stop losses – right now. It’ll be a portfolio massacre.
When times are good and you’re riding the trend up, it’s easy to disregard stop losses. After all, why risk having to close out your position on what’s “sure” to be a minor pullback?
But it’s in times like these that the importance of having and following your stop losses are really spotlighted. Smart traders look for lessons in everything – so let this be a lesson from yesterday’s rout.
Now, this does not mean there aren’t still quick-hit opportunities out there right now. The trend can reverse faster than you think – so you have to be ever vigilant.
Or… you can let Ross Givens and his team monitor all the trends and potential breakouts for you. That’s what they’re there for – and why they’ve built robust systems specifically designed to do just that.
Click here to find out more about putting their battle-tested systems to work for you.
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.
