Hey friend,
In his speech yesterday night, Fed Chair Powell deliberately avoided comments on economic and monetary policy due to the Fed “blackout period” ahead of its meeting next week.
Not much else on the economic calendar today.
Tomorrow, we get private sector employment numbers alongside a gauge of services activity.
The Daily Direction
Note: After five straight sessions of consecutive gains indexes pulled back a little yesterday – but opened higher this morning. All index directions remain upward.
The Daily Nugget
Contrarianism and trend following are not mutually exclusive.
Effective trading always requires some level of contrarianism.
If you want to beat the herd…
You have to be willing and able to zig while others zag.
With that being said, this does NOT mean that being contrarian all the time is effective.
In fact, doing that is just a recipe for melting down your account.
There’s a reason a popular trading saying is – the trend is your friend.
If you’re contrarian all the time – if you’re always fighting the trend…
The odds are heavily against you, and that’s not how you want to operate.
So the question is, how do you reconcile following the trend…
With the necessity of being contrarian so you can beat the herd?
Simple.
You ride the trend’s tailwind…
But focus on the “ignored” stocks with the potential to blast off far above the market.
That’s how you capture the best of both worlds.
And that’s what Head Trader Ross Givens is going LIVE to show you tomorrow, Wednesday afternoon at 3 p.m. Eastern.
He’ll demo his stop strategy in his arsenal for capturing quick moves on breakout stocks…
The same strategy you could have followed to wins like 51% in 15 days… 77% in three weeks… and even 87% in just 24 hours.
With the final Fed meeting of the year next week…
Not to mention stocks generally moving positively in December…
We could see a handful of stocks rocket higher in mere days…
And the strategy Ross will be demonstrating tomorrow will allow you to target the best of them.
You want to take full advantage of the home stretch while you still can.
So click here to register for his free December 3 broadcast…
And he’ll see you LIVE tomorrow afternoon at 3 p.m. ET sharp.
The Traders Agency Team
P.S. Planning to attend on a mobile device? Make sure you download the presentation apps now so you don’t miss a second of valuable information.
iOS: https://apps.apple.com/us/app/goto/id1465614785
Android: https://play.google.com/store/search?q=goto&c=apps
