Friday Morning Day Trading Plan; SchoolOfTrade

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The James’ Report:  Day Trading Strategies for Professional Traders

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THE KING:  Professional traders understand they must rule their lives like a king rules over a kingdom.  Sure, there are many perks to being a king, just like there are for being a professional trader, however we need to remember that those benefits comes with some sacrifice.  First, we need rules to follow in our personal and professional lives.  As traders, we must create those rules, as well as enforce them.  Domestic policies in your kingdom will help govern our inner-selves, while our foreign policy will deal correctly with the people around us.  As king we don’t want too many laws to confuse ourselves, adding complicated laws will only make things more difficult, and we need to remember that the best king is the one that nobody thinks they have.  This analogy is effective because just like a king, professional traders must rule their lives with simplicity and without overbearing control. You are the ruler in your life today, and it’s time for you to take control over your kingdom. 

News from Europe & Asia for US Morning Session:

– Traders Prep for Consumer Prices at 8:30am EST in our Live Trade Room

-China: HSBC PMI Manufacturing hits 14-month high as it stays above the 50 level for the 2nd consecutive month (after 12 months of contraction); Shanghai Composite surges 4% over hope of new Govt plan on economy

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