November 26, 2012
- in Uncategorized by schooloftrade
Morning Prep for Post-Holiday Monday
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[ALERT] Please follow this link to learn more about the New CME-Globex Time Change
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The James’ Report: Day Trading Strategies for Professional Traders
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4 KEYS TO SUCCESS: Professional Traders all seem to have the same skills in common, they all seem to live the same type of lifestyle, and have similar roads to their own success. When you boil it all down, the 4-keys to trading success is quite easy to see. We must minimize attachments, chaos, interference, and desires. If we can master these 4 keys to profit we will have much success in our careers. Minimizing attachments means taking action without the fear of losses or unintended outcomes. Minimizing chaos means ridding the mind of self-talk and stray thoughts, always staying focused inside our minds and never letting emotions get to us. Minimizing interference means letting people do what they want to do, never interfering with what they do. Finally, minimizing desires means the easing of material things in our lives, and avoiding the temptation to work hard only for monetary value. Can you minimize these 4 keys in your life today? Professional traders are taught these 4 keys to success, and when they come together in alignment we see very powerful results.
News from Europe & Asia for US Morning Session:
– Overall Black Friday sales at $11.2B, down 1.8% y/y Black Friday online sales top $1.0B for first time ever. Cyber Monday is today.
– The BoJ minutes saw new board members pushing for a stronger commitment to ultra-easy policy
– Pro independence party wins Catalan regional election in Spain but no mandate for independence referendum.
– Eurogroup meets again on Greece today close to budget deal (latest agreement now seen by Dec 3rd)
-Approx 2M of the 5M US unemployed set to lose benefits as fiscal deadline approaches
– Italy Nov Consumer Confidence hits record low reading
– Stocks opened widely lower on news that a deal on the release of the Greek aid tranche may not be finalized at today’s Eurogroup meeting. Italy consumer confidence came in at a record low of 84.8, below expectations of 86.3 pushing markets lower.
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