October 12, 2012
- in Uncategorized by schooloftrade
Friday Morning Day Trading Strategy
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The James’ Report: Day Trading Strategies for Professional Traders
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TIPTOES: Professional traders must overcome ego, emotions, and sometimes arrogance when they obtain success in the markets. A lucrative trading career can be an intoxicating mixture of power and profits, which can be disastrous in the long run. To stand on tiptoes is to elevate ourselves above others, whether this is in the markets we trade, or the personal relationships we have with people around us. When we walk on tiptoes we see ourselves as superior to those around us. A person on their tiptoes cannot walk correctly, and they cannot function properly in the markets they trade and society as a whole. By standing on our tiptoes we collapse from exhaustion and fail to make real progress in our careers. Be aware of your ego today, and remember the best way to long term success in anything you do is to stay humble, and appreciate the blessings each one of us possess. News from Europe & Asia for US Morning Session:
– China PBoC Vice Gov Liu expressed concerned about rebound in bad loans with worsening loan quality linked to China economy.
– Singapore Central bank surprises markets and to maintain gradual appreciation of SGD with no change to width or midpoint of policy
– Rumor-plagued session drives price action
– European Union wins Nobel Peace Prize
– Singapore Central bank surprises markets and to maintain gradual appreciation of SGD with no change to width or midpoint of policy
– Rumor-plagued session drives price action
– European Union wins Nobel Peace Prize
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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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