Hey friend,
It was an interesting day in the markets yesterday.
10-year Treasury yields surged to new highs and retail sales growth came in far stronger than most economists expected.
This led to a volatile intraday session – so let’s see how markets have been moving.
The Daily Direction
Note: The S&P 500 and the Dow closed essentially flat yesterday, the Nasdaq closed slightly lower, and the Russell 2000 posted an unexpected solid gain. The near-term direction for the Russell 2000 flipped upward (but only barely so).
The Daily Nugget
In trading, being second is more reliable than being first.
If you’re one of the first in any new market rally, you’ll stand to make the highest potential profits.
It’s just a mathematical fact.
But while being first can give you the highest profits, it’s not the most reliable way to consistently make profits.
There’s an important difference here.
It’s similar to how buying a lottery ticket can have huge potential profits, but a very low likelihood of making any profit at all.
It’s not an exact analogy, but you get the point.
In trading, it’s far more reliable over the long-term to be second…
To let others going first “confirm” a market movement is legit before jumping in yourself.
Yes, you won’t have the highest potential profits – but you’ll also win many more of the shots you take…
And that’s what matters over the long run.
Right now, Ross Givens is seeing a potential bounce happening in small-cap stocks…
Yesterday’s price action was those going in first…
So, if you want to ride their coattails and reliably position yourself in the highest-percentage stocks…
Just click here to get Ross Givens’ top strategy for doing so.
The Traders Agency Team
