November 9, 2012
- in Uncategorized by schooloftrade
Friday Day Trading Prep; Inflation News and Consumer Confidence
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The James’ Report: Day Trading Strategies for Professional Traders
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DISTINGUISHED HUMILITY: Our industry can be very competitive, not only between other traders, but within ourselves. In a competitive environment we often feel as though humility must take a backseat to public accolades, but in reality the true success in trading comes when we can distinguish ourselves as humble professionals earning a living from the markets. As traders we don’t need to brag about our lifestyle, it speaks for itself. The most effective way of bragging is to say nothing at all and let our trading performance do the talking because those who speak without talking are truly the unique, and distinguished among us. Work hard today to achieve excellence in everything you do, and resist the temptation to search for approval from those around you, rather focus your energy on producing incredible results. It won’t be long before the intelligent people around you will take notice and give you all the praise you can imagine. News from Europe & Asia for US Morning Session:
– China CPI nearing 3-year low with Oct reading at 1.7% y/y renewing RRR cut speculation
– China Industrial Production beats expectations with its biggest rise in 5 months; Retail sales has best reading in 7 months
– Reserve Bank of Australia cuts 2013 GDP on weaker mining and fiscal tightening
– Euro zone said to have margin to maneuver until end of year to make Greece funding decisions; Greece has various ways to cover funding need between now and year end
– President Obama to speak on economy and deficit later today (13:00 ET)
– China Industrial Production beats expectations with its biggest rise in 5 months; Retail sales has best reading in 7 months
– Reserve Bank of Australia cuts 2013 GDP on weaker mining and fiscal tightening
– Euro zone said to have margin to maneuver until end of year to make Greece funding decisions; Greece has various ways to cover funding need between now and year end
– President Obama to speak on economy and deficit later today (13:00 ET)
– European equity markets are mostly lower, tracking yesterday’s losses in US equity markets. Issues which have been in focus include next week’s Greek debt redemption (Nov 16th), data out of China, ongoing concerns about the US “fiscal cliff”, weak production data out of France and cautious comments regarding the growth outlook from Germany’s Economy Ministry.
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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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