October 31, 2012
- in Uncategorized by schooloftrade
Traders return to the markets after Hurricane Sandy
—————————————————————————————
The James’ Report: Day Trading Strategies for Professional Traders
—————————————————————————————
THE KING: Professional traders understand they must rule their lives like a king rules over a kingdom. Sure, there are many perks to being a king, just like there are for being a professional trader, however we need to remember that those benefits comes with some sacrifice. First, we need rules to follow in our personal and professional lives. As traders, we must create those rules, as well as enforce them. Domestic policies in your kingdom will help govern our inner-selves, while our foreign policy will deal correctly with the people around us. As king we don’t want too many laws to confuse ourselves, adding complicated laws will only make things more difficult, and we need to remember that the best king is the one that nobody thinks they have. This analogy is effective because just like a king, professional traders must rule their lives with simplicity and without overbearing control. You are the ruler in your life today, and it’s time for you to take control over your kingdom. News from Europe & Asia for US Morning Session:
– Traders look ahead to the reopening of US markets,
– Euro-zone financial ministers will hold a teleconference call to discuss ways to help Greece
– Dealers noted the monthly improvement in Spain August capital outflow data
– Dealers noted that sense of normality will return to market activity today as the US market returned from its historic 2-day break following the wrath caused by super-storm Sandy. Equity markets posted slight gains ahead of the NY morning.
– End of the month, markets closed for 2 days, we will be anxious to see how volatility looks going into end of the month
– You can find up-dated market information as it pertains to Hurricane Sandy here
———————————————————————————————————
Read the
Complete Morning Prep for Day Traders Here
Complete Morning Prep for Day Traders Here
Advanced
members receive LIFETIME Trade-Room Access & All Future Strategies.
members receive LIFETIME Trade-Room Access & All Future Strategies.
=================================================================
