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Friday Morning Prep ahead of Busy EU-Summit Weekend
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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?
Merkel notes conditionality still remains
– ESM to be open for countries not in programs,
and to “well-behaving” countries.
– Spanish and Italian yield plummet in session
– German Retail Sales disappoint (again)
– European equity indices opened
the session sharply higher, led by more than 3% gains in the IBEX-35 and FTSE
MIB, as EU President Van Rompuy said that the EU will eventually allow direct
recapitalizations of banks.
he disclosed that ESM loans to Spanish banks would not have seniority and
that countries not currently involved bailout programs (such as Italy and
Spain) will gain the ability to access the EU’s bailout funds