Hey friend,
Let’s see how markets have been moving as we start a whole new trading week.
The Daily Direction
Note: Markets closed mixed last week with the Dow up, the S&P flat, and the Nasdaq down. But such a minor pullback did nothing to halt the upward momentum, and all index directions are firmly in the green.
The Daily Nugget
If you don’t have a plan for nailing down profits – you’ll never make them.
For some traders, taking profits on a rising stock – only to watch it go even higher – brings them great pain.
Next time, they vow to themselves – I won’t sell until it’s much higher.
That’s the worst lesson they can take away…
Because what’s more likely to happen is that they end up never taking a profit, convinced that the stock can always go higher still.
Then, when the inevitable Stage 4 downtrend happens, they’re unable to sell – until it’s too late.
That’s why Ross Givens is never shy about telling his students to (gradually and proportionally) take profits.
He knows all too well that if you don’t have a plan for taking profits, you’ll probably miss them altogether.
The most important thing is not trying to capture the biggest gain possible – but nailing down consistent sizable wins.
That’s the goal of Ross’ breakout strategies – and it’s been working very well this year.
So if you want in on his top-performing strategy, make sure you click here to find out how.
The Traders Agency Team
