August 9, 2013

Friday Morning Prep; SchoolOfTrade.com Day Trading Strategy

“You gain strength,
courage and confidence by every experience in which you stop to look fear in
the face.”
  – Eleanor Roosevelt
This morning is a summer-Friday without any major
news on the schedule here in the US trading session.
  We did
have some major news from China last night, so we will look for the reaction to
this news as the morning develops in the US.

Summer-Fridays are always a concern for
professional traders,
and on top of
that we don’t have any news to stir the market this morning and get traders
participating so this morning may be a very light-volume trade.

The plan this morning will be quite simple.  We will
get our morning prep done by 8:30am EST in our Live Trade Room and then watch
the market-personality closely to see when and where the high-percentage-trades
show up this morning.

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