# The Bad Thing About Rising Markets

Canonical: https://tradersdailydirection.com/the-only-thing-traders-should-listen-to-2/

Hey friend,

The European Central Bank lowered its forecast for annual inflation yesterday – though it still held its benchmark interest rates steady.

Still, those lower inflation expectations helped boost markets over here too.

## The Daily Direction

![](https://tradersdailydirection.com/wp-content/uploads/2023/12/12-29-23-table.jpg)

**Note:** All indexes closed higher yesterday, with the short-term direction for the Dow Jones flipping back upward.

## The Daily Nugget

**_Don’t get bold when the trade gets cold._**

Just because most indexes are at new all-time highs doesn’t mean all of your trades will work out.

Some of them will inevitably hit their stop loss points – that’s just the name of the game.

And when that trade goes cold, the last thing you want to do is get bold. Stick to your stop losses – because that’s how you consistently win over time.

Ironically, it’s actually harder to do this when markets are doing well – like they are now – than when they’re doing poorly.

In times like these, traders tend to think that their stopped-out trades have a better chance of recovering if they just give it time.

While that may be true in some cases, the long-term negative consequences of undisciplined risk management far outweigh a few stopped-out trades eventually recovering.

So remember – _regardless_ of what the market is doing – if the trade goes cold, don’t get bold. Just cut it off and move on to the next one…

Because in times like these, opportunities are _plentiful._

And if you [**follow the strategy Ross explains here…**](https://pro.stealthmodeinvesting.com/?tambid=23224)

You can target the best of them right now.

Have a good weekend.

![](https://tradersdailydirection.com/wp-content/uploads/2023/11/TASignature-300x75.png)

**_The Traders Agency Team_**