August 20, 2012
- in Uncategorized by schooloftrade
Monday Morning Traders Prep
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The James’ Report: Day Trading Strategies for Professional Traders
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Success is in the eyes of the beholder; Professional traders understand that everything is mental when it comes to our own success. Everyone is different, which makes this world an amazing place to do business and as an individual we all have different opinions on value in our lives, and what determines success. Every trader has a different definition of success; for some of us its simply leaving our day-job, for others its managing a retirement account, and for many of us it’s just for the thrill of the moment when you nail that big winning trade. A professional trader will always become who he/she BELIEVES they can be. Everything is mental, and if you believe that you are successful today than you REALLY are. On the flip side, if you believe you are NOT going to be successful today, you will probably be correct in that belief as well. Which do YOU chose today? —————————————————————————————
News from Europe this morning:
– ECB considering establishing interest rate ceiling levels for troubled states as part of its future bond purchase program
– Spain Econ Min de Guindos: Would like to see the ECB commit to massive, open-ended sovereign-debt purchases before it asks for help
– ECB’s Asmussen: Greek exit would be manageable but not preferred
– Spain Econ Min de Guindos: Would like to see the ECB commit to massive, open-ended sovereign-debt purchases before it asks for help
– ECB’s Asmussen: Greek exit would be manageable but not preferred
– European equity indices are trading mixed. The Spanish IBEX-35 and Italian FTSE MIB have outperformed, amid the sharp decline being seen in Spain bond yields (over the weekend a German press report said that the ECB was mulling a plan to cap peripheral bond yields). The FTSE 100 has underperformed on declines in resource and energy related companies. Copper prices are lower, as concerns that Chinese officials will be less aggressive with regard to easing measures drove the Shanghai Composite to lows not seen since 2009. In the banking sector, outperformers include Italian banks, while banks in Germany and Bankia have lagged.
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the Complete Morning Prep for Day Traders Here
the Complete Morning Prep for Day Traders Here
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