About Day Trading: Decisive or Stubborn?
 | from Adam Milton
This week's day trading newsletter includes information about how personality traits can affect day trading. If your immediate response is that you don't need to know about psychology, then you are probably the trader that needs to read this the most :-).
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In the Spotlight |
Decisiveness, Yes ... Stubbornness, No
Professional traders know that successful day trading is as much about psychology as it is about markets and trading systems, and they spend a lot of time practicing controlling their emotions and any negative personality traits. One personality trait that will be detrimental to any trader's profitability is stubbornness. Day traders need to be decisive in order to make their trading decisions promptly, and act on their decisions without any hesitation, but ... read some more (go on, don't be stubborn)
| | The US Stock Uptick Rule
It has been almost a year since the uptick rule was removed from US stock markets, and traders are divided upon whether the markets are better or worse without the uptick rule. Some traders believe that the removal of the uptick rule has caused an increase in volatility and erratic trading, while others believe that the uptick rule caused erratic trading, and that its removal has smoothed the markets ... share your opinion
| Economic Calendar with Volatility
There are a few news releases from each region (the US, Europe, and Asia) this week. The US has most of the high volatility news releases, so the US markets may experience the highest volatility, but there are enough European and Asian news releases to keep the European and Asian markets active. Remember that non financial news releases can also affect the markets, so any significant non financial news from the US, Europe, or Asia, could also cause high volatility and unexpected price movement ... view the full calendar
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