October 11, 2012
- in Uncategorized by schooloftrade
Jobless Claims and Crude Oil Inventories; day Trading prep
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The James’ Report: Day Trading Strategies for Professional Traders
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OUTSIDE OURSELVES: Professional traders understand the need to constantly be reviewing their performance, looking for ways to improve, and reinforcing skills that have made them successful. This can be easier said than done, and a common trick among all professionals is to watch tape of themselves, or ask someone else to critique their work and give them feedback. This can be a very tough pill to swallow for a new trader, looking at yourself from an outside perspective can hurt our ego’s and trigger emotions, which just happen to be public enemy number 1 and 2 for a professional trader. Although its painful for traders of all levels, its vital today that we find a way to step outside ourselves to look over our trading. What are we doing correctly today? What skills can we improve on today through practice? You’d be amazed how much you learn from watching yourself today, enjoy the show! News from Europe & Asia for US Morning Session:
– S&P cuts Spain’s Sovereign Rating to lowest level of investment grade (joining Moody’s in that opinion)
– Brazil Central Bank cuts interest rates for the 10th straight time in current easing cycle to fresh record low level of 7.25%
– South Korea Central Bank cuts 7-Day Repo Rate by 25bps to 2.75% (as expected)
– Australia data mixed with Monthly Net Change in Employment beating expectations while the Unemployment Rate ticked to a 2-year high of 5.4%
– BoE’s Weale: UK could have a ‘triple-dip’ recession; Sees risks attached to additional rate cuts.
– Italy main auction run of 2015 bonds seemed to please the markets and helped to eased peripheral yields
– Brazil Central Bank cuts interest rates for the 10th straight time in current easing cycle to fresh record low level of 7.25%
– South Korea Central Bank cuts 7-Day Repo Rate by 25bps to 2.75% (as expected)
– Australia data mixed with Monthly Net Change in Employment beating expectations while the Unemployment Rate ticked to a 2-year high of 5.4%
– BoE’s Weale: UK could have a ‘triple-dip’ recession; Sees risks attached to additional rate cuts.
– Italy main auction run of 2015 bonds seemed to please the markets and helped to eased peripheral yields
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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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