August 12, 2013

Monday Morning Prep; SchoolOfTrade.com Day Trading Strategy

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Do not judge each day
by the harvest you reap, but by the seeds you have sewn.
– Robert Louis Stevenson


This morning we begin a new week of trading
opportunities with a Monday morning that has no major economic news on the
schedule.

This week contains the third Friday of the
month, which means this is considered 
OPEX Week’.  We
don’t need to worry about anything on a Monday for OPEX, but we can expect that
Wednesday, Thursday, and Friday will be sloppy as the summer price-action is
lower volume, and we know traders will use OPEX as an excuse to take a long
weekend.

Monday’s
are always a bit of a challenge for our emotions.
  We all
want to get making profit early in the week, but the reality….
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