Trader Training: How the Jobs Report Impacts Your Trades | | |
|
It was another crazy week with a move we all expected finally happening on Thursday as the Nasdaq entered correction territory. Then we got to see the jobs report's effect on the market the following morning…
And there's a phrase that comes to mind: "The first move is the wrong move."
After the Nasdaq entered correction territory, there was panic among investors. And Federal Reserve Chair Jerome Powell's comments on inflation further triggered a large-scale sell-off.
We told you not to lose your heads like most people. After seeing the jobs report's effect on the market, panicking was a textbook case of how not to react.
When big, market-altering numbers come out, the first move is usually the wrong one. | | |
|
|
No comments:
Post a Comment