The #1 Thing Traders Must be Willing to Borrow

Hey friend,

We got some manufacturing activity and housing price data this morning.

Both surprised to the upside – beating expectations and last month’s figures.

Let’s see how markets have been moving.

The Daily Direction

Note: All indexes closed lower last Friday but were still up for the week overall. And while they have been moving lower today, all index directions remain comfortably upward.

The Daily Nugget

Be willing to borrow conviction.

There’s a little bit of ego involved in trading.

We all like finding the stock nobody else noticed.

Doing the research ourselves.

Getting in early because we figured it out.

But you don’t get extra points for originating every idea yourself.

If a major institution starts putting serious money into a stock, that’s worth knowing.

These firms can have huge research operations behind the trade.

Analysts studying the company.

Industry specialists digging through the sector.

Teams looking at data most individual traders will never have the time or resources to analyze.

But there’s another reason Ross likes following them:

They have enough money to move markets.

A large fund building a position creates real buying pressure in an individual stock.

And when several institutions start moving into the same area, those flows can lift an entire sector.

Tomorrow morning, Head Trader Ross Givens will show you exactly how to track those flows…

So keep an eye out for that.

The Traders Agency Team