The 80/20 of Skilled Trading

Hey friend,

Let’s see how markets have been moving.

The Daily Direction

Note: The “mini-comeback” that started last Friday resumed yesterday, with all indexes and most sectors closing in the green. Still, no change in any index directions except the Nasdaq’s short-term direction barely flipping positive.

The Daily Nugget

Trading is 20% prediction and 80% preparation.

Most people wrongly think that trading is all about predicting where the market is going.

In truth, that’s only 20% of (successful) trading.

The other 80% is preparation – which is far more reliable than any prediction can be.

Preparation means knowing what you’ll do no matter which way the market is moving (even if that means doing nothing or exiting a position at your stop loss).

Preparation is the foundation of long-term success. Prediction is just the spice on top.

So, in these uncertain markets, don’t worry so much about predicting where it’s going to go and when.

Focus on preparation instead.

The Traders Agency Team

Get Trade Alerts via Text

Real-time trade alerts and market updates sent straight to your phone. Be the first to know when we spot opportunity.

By providing your phone number and clicking "Get Text Alerts", you agree that you consent to receive telemarketing text messages from Traders Agency, LLC, including calls and text messages made with an autodialer, at the telephone number above, and the policies regarding these text messages are available here Terms & Conditions. I understand that my consent is not required as a condition of purchasing any goods or services from Traders Agency, LLC, and that messaging and data rates may apply.

Text me reminders (Required)