November 29, 2012
- in Uncategorized by schooloftrade
Day Trading Plan; schooloftrade
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The James’ Report: Day Trading Strategies for Professional Traders
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FEAR BLINDNESS: We all know that too much of anything is never a good thing. Everything is best in moderation, which includes allowing fear to affect our decisions in life. Fear is necessary for our long term survival as humans; however, when allowed to manifest and rule our lives it can be detrimental to our long term success. Have you ever noticed fear made an impact in your decisions that you later regretted? Have you looked back over your trading and wondered why you did certain things? The Fear of trading losses is natural, and for the most part very healthy. We need fear to tell us what is dangerous so we can avoid it, however, if that fear is taken to the extreme, ruling over every decision, it becomes a major concern. Professional traders overcome fear by using a simple day trading plan, a road-map they can follow every day, and this allows them to remove the fear from their trading decisions, and focus on what’s most important.
News from Europe & Asia for US Morning Session:
– US Budget agreement optimism boosts risk appetite higher- European equity markets are broadly higher, tracking yesterday gains in the US equity markets. The strength in the US markets came amid commentary from US President Obama, as he noted that he hoped to reach an agreement on the “fiscal cliff” before Christmas.
– In Greece, the Athens Stock Exchange (ASE) has gained over 1%, following reports that Germany’s SPD opposition party may vote in favor of the Greek aid package.
– Looking ahead, traders are expected to focus on Q3 GDP and same store sales data out of the US.
– Looking ahead, traders are expected to focus on Q3 GDP and same store sales data out of the US.
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Read
the Complete Morning Prep for Day Traders Here
the Complete Morning Prep for Day Traders Here
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