Monday Morning Prep; SchoolOfTrade.com Day Trading Strategy

“Would you like me to give you a
formula for success? It’s quite simple, really. Double your rate of failure.
You are thinking of failure as the enemy of success. But it isn’t at all. You
can be discouraged by failure or you can learn from it, so go ahead and make
mistakes. Make all you can. Because remember that’s where you will find success.”— Thomas J. Watson

The U.S. economic calendar is very light today, but not the
calendar in China where weekend data on
inflation and trade are certain to be major topics this morning, as well as
reactions to Friday’s surprising Non-Farm Payroll report. Stay patient this morning looking for your
first high-percentage-trade it may take some time to get the market-personality
where we need it.

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