Wednesday Morning Prep; SchoolOfTrade.com Day Trading Strategy

“My attitude is that if you push me
towards something that you think is a weakness, then I will turn that perceived
weakness into a strength.”–Michael
Jordan

Wednesdays are always an interesting
day of trading. First, we must remember
that inventories on Crude Oil are due out mid-morning so this means we are
trading Crude Oil carefully before this report is released. We sit-on-hands if we don’t see any market
personality from Crude Oil before the report, and stay patient AFTER 10:30am EST
news is released to see the new short-term trend and trade in that
direction.

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