# Do You Have This “Rule”?

Canonical: https://tradersdailydirection.com/do-you-have-this-rule/

Hey friend,

Yesterday, Softbank’s chip designing company, ARM went public in the biggest IPO of 2023 – jumping 25% in a day and lifting the entire market along with it.

So let’s see how markets have been moving in reaction to it.

## The Daily Direction

![](https://tradersdailydirection.com/wp-content/uploads/2023/09/Screenshot-2023-09-15-at-9.50.21-AM-1024x236.png)

**Note:** Thanks to ARM’s IPO, all index directions – with the exception of the Russell 2000 – are now back upward. How it’ll play out next week will all depend on the Fed.

## The Daily Nugget

**_There’s no rule mandating you to trade._**

Putting on more trades does not make you more of a trader than another – let alone a better one.

Sometimes, the best position is to not have a position at all.

If market conditions aren’t lining up with your strategy’s edge, there’s no reason for you to trade.

Keep monitoring the markets – yes. “Forcing” yourself to take trades just so you can tell yourself you’re a trader – no.

Like many things in trading, it all comes down to managing your own ego and emotions.

The better you are at doing that, the better you will be at trading.

_**The Traders Agency Team**_

**P.S.** If you don’t have a tested strategy you can use yet, just [**click here to equip yourself with Ross Givens’ flagship “Stealth” strategy now.**](https://gamemasterinvesting.com/stealth-trades-5-order/?tambid=18914)