It’s a brand-new trading week – so let’s see how markets have been moving.
The Daily Direction
Note: The table clearly shows how divergent the current markets are – with the NASDAQ having recaptured an upward direction – while the others are still trending downward.
The Daily Nugget
Every trade you take represents another trade you didn’t take.
Opportunity cost is one of the most fundamental principles of economics. It applies to every area of our lives – and trading is no exception.
Because we all have limited resources, every trade we do take represents another potential trade we didn’t take. And that trade could – and many times would – have been a better decision for our account.
What can we as traders do about this? Two things. One is to simply accept it – because that’s the way things will always be.
The second is to reduce these opportunity costs by constantly looking to make better trading decisions.
P.S. If you want special trade prospects and potential market moves from Ross sent directly to your phone – so you don’t miss out on anything – just text the word ross to 74121.
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