November 21, 2012
- in Uncategorized by schooloftrade
Traders Prep for Jobless Claims, Crude Oil Inventories
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The James’ Report: Day Trading Strategies for Professional Traders
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TIPTOES: Professional traders must overcome ego, emotions, and sometimes arrogance when they obtain success in the markets. A lucrative trading career can be an intoxicating mixture of power and profits, which can be disastrous in the long run. To stand on tiptoes is to elevate ourselves above others, whether this is in the markets we trade, or the personal relationships we have with people around us. When we walk on tiptoes we see ourselves as superior to those around us. A person on their tiptoes cannot walk correctly, and they cannot function properly in the markets they trade and society as a whole. By standing on our tiptoes we collapse from exhaustion and fail to make real progress in our careers. Be aware of your ego today, and remember the best way to long term success in anything you do is to stay humble, and appreciate the blessings each one of us possess.
News from Europe & Asia for US Morning Session:
– European equity markets opened the session broadly lower, following the news that EU leaders and the IMF require additional time to reach an agreement on issues related to Greece including debt sustainability.
– Japan Oct Trade Balance registers its 19th straight month of deficit
– Eurogroup still unable to agree on Greece plan for debt sustainability; no date yet for release of funds; Differences remain over how many years of Greek funding gap must be covered
– IMF: Portugal will encounter growth issues even after the bailout; fiscal adjustments are on track
– Bank of Spain Gov: Lower growth could put the 2013 budget target at risk.
– Portugal completes its 2012 funding program
– BOE minutes shows member Miles as a dissenter on QE
– US markets have full day of trading (no early close)
– Eurogroup still unable to agree on Greece plan for debt sustainability; no date yet for release of funds; Differences remain over how many years of Greek funding gap must be covered
– IMF: Portugal will encounter growth issues even after the bailout; fiscal adjustments are on track
– Bank of Spain Gov: Lower growth could put the 2013 budget target at risk.
– Portugal completes its 2012 funding program
– BOE minutes shows member Miles as a dissenter on QE
– US markets have full day of trading (no early close)
– US Markets Closed on Thursday and Friday
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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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