May 21, 2012
- in Uncategorized by schooloftrade
Monday Morning VIP Traders Prep
Professional traders understand that the market is always providing feedback, even though we may not be listening for it. Every trade that we take as professional traders is either a winner or a loser. Some trades may take a minute and others may take a week, either way the market provides us with feedback almost instantly when we make our decision to enter the market. The secret that professional traders have learned is how to USE this feedback. When you take a loss, You need to learn from it, and make small changes to your trading plan that will help avoid this ‘painful feedback’ the market is giving you. On the flip side, every winning trade we take provides us with ‘positive feedback’ from the market, almost encouraging us to continue doing this in the future, and we need to recognize this. Every day, every trade, every time you read tape or listening the PIT you’re getting some of the most accurate feedback you will ever receive in any industry you work in. Are you listening today? —————————————————————————————
The James’ Report: Day Trading Strategies for Professional Traders
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What happened Overnight:
– Crude Oil Contract Rollover to the 07-12 contract
– Spain again revised its 2011 Budget Deficit to GDP Ratio to 11.5% from 11.0%
– Greek elections: Anti-bailout SYRIZA party has reclaimed a small lead in the latest poll
– Italy PM Monti proposes Euro zone bank deposit guarantee fund
– Germany’s largest industrial union IG Metall reached agreement on wage increase, securing 4.3% pay hike; largest in 20 years
– Italy PM Monti proposes Euro zone bank deposit guarantee fund
– Germany’s largest industrial union IG Metall reached agreement on wage increase, securing 4.3% pay hike; largest in 20 years
