May 29, 2012
- in Uncategorized by schooloftrade
Traders back to Action; Consumer Confidence on our Radar
Professional traders understand that the markets we trade are the great teachers in our career, and we must appreciate the different tools it uses to show us the way to long term profits. The markets teach us skills such as discipline to wait for the best opportunities; patience to let each trade play out according to our trading plan; and control over our emotions to prevent us from over-trading or revenge-trading. The markets will bring us times of joy and sorrow, pain and success, positive and negative feedback on the way to our goals in our trading career, and every step along the way is vital to our success. There is no success without sacrifice, no gain without a little pain, so embrace it and profit from it today! —————————————————————————————
The James’ Report: Day Trading Strategies for Professional Traders
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What happened Overnight:
– Spain concerns mount as the 10-year Govt Yield approached 6.50% (all-time high was 6.80% back in Nov)
– Bank of Spain says Q2 GDP to show a contraction (in line with expectations)
– China policy hopes for stimulus measures helps risk appetite; Other reports note that China had no plans to introduce large scale stimulus
– Italy 6-month Bill actions yield at highest level since Dec 2011
– Bank of Spain says Q2 GDP to show a contraction (in line with expectations)
– China policy hopes for stimulus measures helps risk appetite; Other reports note that China had no plans to introduce large scale stimulus
– Italy 6-month Bill actions yield at highest level since Dec 2011
– Traders get back into their ‘routines’ this morning, we prep like a Monday
read the complete morning prep here
read the complete morning prep here
