Traders Daily Direction
This “Death Spiral” Destroys Your Trading
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 […]
Don’t Let THIS Consume Your Trading
Hey friend, Let’s start the new trading week by looking at how markets have been moving. The Daily Direction Note: Markets closed the week strong – flipping almost all index directions back upward. The Daily Nugget Worry less about the indexes and focus more on stocks that meet your trading criteria. This may be a […]
Volatile vs. Choppy Markets (Not What You Think)
Hey friend, Here’s how markets have been moving as we close out the week. The Daily Direction Note: Markets rose after dovish comments by a Fed official and buyers stepping in at key support levels. The long-term direction of the NASDAQ flipped back into positive territory. The Daily Nugget A choppy market isn’t just a […]
How to Become the Bruce Lee of Trading
Hey friend, Here’s how markets have been moving. The Daily Direction Note: Markets dipped again, causing the long-term direction of the NASDAQ to again flip negative.. The Daily Nugget It’s better to master one strategy than to have limited knowledge of many ones. Bruce Lee famously said, “I fear not the man who has practiced […]
The Mistakes Have Already Been Made
Hey friend, As we start a new month, here’s how markets have been moving. The Daily Direction Note: Stocks ended slightly lower to close out the month. Medium-term direction for the S&P 500 flipped negative again – though it’s extremely borderline. The Daily Nugget All the mistakes have already been made. All the mistakes have […]
How Some Traders Shoot Themselves in the Foot
Hey friend, Here’s how markets have been moving. The Daily Direction Note: Stocks ended higher as the market digested a “higher-for-longer” narrative. Several index directions flipped back upward – but not by much. The Daily Nugget Don’t add to a losing position. On the surface, this seems obvious. If a position is already losing – […]
THIS is How You Keep Your Trading Profits
Last week was tough for the markets – but a new week is always a chance for a fresh start. The Daily Direction Note: Another hot inflation report pushed the market downward – causing a couple more index directions to flip negative. The Daily Nugget There are many different strategies for making profits – but […]
Finding Trading Patterns in Nasdaq 100 Futures
Today, I am going to explain how to recognize market trading patterns. Being able to spot specific market patterns is crucial to knowing when to buy and/or sell a particular market. But how do we go about figuring out what the market is doing? Well, we rely on our time frame charts to give us … The post Finding Trading Patterns in Nasdaq 100 Futures appeared first on Josh Daily Direction.
Nasdaq 100 Futures Hit the First Target
Today, I want to follow up on the weekly idea I posted on my TradingView page on Oct. 27. At the time, the Nasdaq 100 (NQ) futures market had just bumped up against resistance at its short term down trend line. This was a known level of U-turn, so we were expecting the market to reverse … The post Nasdaq 100 Futures Hit the First Target appeared first on Josh Daily Direction.
Two Ways to Play RTY Futures
The Federal Reserve just made its latest interest-rate announcement this afternoon. As expected, the central bank raised the target federal funds rate range by 75 basis points (0.75%) to 3.75%-4%. Markets moved upon the announcement, and there will likely be further gyrations as the press conference with Chair Jerome Powell gets going. Investors and traders … The post Two Ways to Play RTY Futures appeared first on Josh Daily Direction.
This Week’s Idea: CL Daily Long Idea
I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. As regular readers know, I’ve been watching the crude oil (CL) futures market over the past few days and weeks. It has been … The post This Week’s Idea: CL Daily Long Idea appeared first on Josh Daily Direction.
Crude Oil Ready to Make a Bullish Move
Two weeks ago, I shared a potential bullish setup for the crude oil (CL) futures market on my TradingView page. At the time, CL was near a low price and hitting its long term up trend line. But we wanted to see if support was going to hold before looking for long ideas. Well, it … The post Crude Oil Ready to Make a Bullish Move appeared first on Josh Daily Direction.
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