June 25, 2012

Monday Morning Day Trading Routine and Prep

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The James’ Report:  Day Trading Strategies for Professional Traders
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Every day is a new opportunity to grow, as a person and as a trader.  Most of us never get a chance to take advantage of TODAY because we’re too worried about tomorrow, or dwelling over mistakes in the past.  A wise trader once told me, ‘nobody’s keeping score in this game except for YOU, and when you hit it big aint NOBODY gonna care how many times you took a swing and missed.’

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News from Around the Globe Overnight:
– Market will remain sensitive to euro zone related headlines ahead of Thur-Fri summit
– Illness cancels Greek PM and FM attendance at EU Leader summit and delays visit by Troika to Greece
– Germany to Greece: Stop asking for help and move quickly to enact agreed reforms
– Chancellor Merkel govt secured an agreement with representative of 16 German states to ratify the ESM
– Investor George Soros: EU summit could be fiasco
– Spain formally applies for banking sector aid
– China’s growth prospects under scrutiny
– Team at SOT.com returns from week break
– Equity markets opened the session broadly lower as the focus for markets is expected to be the EU summit scheduled for Thursday and Friday(June 28-29th). Banks are broadly lower amid the rise in Italian and Spanish bond yields, led by weakness in the Italian banks. Additionally, the weakness in Italian and Spanish banks has caused the FTSE MIB and IBEX-35 indices to underperform on the session UK-listed miners are mostly lower, tracking the weakness in oil and copper prices.

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