November 5, 2012
- in Uncategorized by schooloftrade
US Election ahead, traders use caution in wake of Sandy
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The James’ Report: Day Trading Strategies for Professional Traders
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PLAY YOUR CARDS: In the game of Life it doesn’t matter which cards we are dealt, but rather how we play our hand. Many of us know the meaning of this, but we struggle to execute this mindset in our daily lives. Have you ever wondered why we get so upset when we don’t get what we want? Have you ever felt as though you never get what YOU want in life? Maybe it’s the wrong way to look at the cards you’re dealt every day. We are entitled to our own opinion of what is right or wrong; however, a professional trader knows that we cannot control the future, so we need to be prepared for anything so we can succeed in any situation. This takes on new meaning this week as we head into an election in the US. Many traders are blinded by their beliefs of who is right on the topics of debate such as jobs and foreign policy, however, the wise trader knows that no matter who wins on Tuesday if we apply ourselves in the direction of the new trend we can make profits and be successful in ANY market we chose. Take a step back today and forget your beliefs of WHO will be right for the US election, and think rather HOW you can profit from both sides of the isle. News from Europe & Asia for US Morning Session:
– Markets anticipating the US Election results on Tuesday, traders use caution
– G20 Finance Officials to Warn on Euro Zone, U.S. Fiscal Cliff
– Mixed China Services PMI data for Oct; Offical Govt rose to 55.5 while HSBC Services PMI slipped to 53.5
– Germany 2-year Schatz yield turns negative for first time since early Sept
-ECB Looks at own stance on Spanish-Collateral use; ECB treated €18B in Spain bills too generously when used as collateral by banks, did not apply large enough haircuts and broke its own rules
– Mixed China Services PMI data for Oct; Offical Govt rose to 55.5 while HSBC Services PMI slipped to 53.5
– Germany 2-year Schatz yield turns negative for first time since early Sept
-ECB Looks at own stance on Spanish-Collateral use; ECB treated €18B in Spain bills too generously when used as collateral by banks, did not apply large enough haircuts and broke its own rules
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