Friday Day Trading Strategy Prep

The James’ Report:  Day Trading Strategies for Professional Traders

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A Cup of Tea for the Traders Soul;  We’re all very busy people these days, rushing from one thing to another, never really taking our time to master each step along the way, and leaving ourselves open for failure when we least expect it.  A cup of tea has been around for a LONG time, and it symbolizes the act of taking a moment from our busy lives to sip a cup of our favorite tea.  You can’t make tea quickly, you need to boil the water, add the leaves, and wait for the tea to develop into your desired taste.  This act of brewing tea is both methodical and healing, because it forces us to slow down and take a few moments for ourselves each day.  Take a moment to sip your tea in silence, letting your mind go silent, writing down things that creep into your thoughts.  Think about life, happiness, something besides work for the next 10 minutes, and find yourself re-focused, energized, and a new-found appreciation for WHY you’re working so hard today.
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News from Around the Globe Overnight:

– European equity indices opened the session mixed

– China Q2 GDP a touch better than expectations but still the lowest level in three years
– Singapore Advanced Q2 GDP contracts 
– Moody’s cut Italy’s sovereign rating by two notches to Baa2; outlook remains negative
– Italy sells 3-year bonds at lower yields and better bid-to-cover; off-the-run lines not as impressive

– Traders avoiding black cats, broken mirrors, and walking under ladders today, Friday the 13th.
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