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On September 13, Robert Kaplan, vice president of Goldman Sachs Group, said that investors are beginning to question whether they have invested too much money in the United States, and more and more financial institutions are looking to Europe and Asia for growth opportunities. Kaplan said on Friday that some investors are considering whether they should start hedging the US dollar to protect against exchange rate fluctuations. "What has happened since January is that people are still optimistic about the United States, but they are starting to say: I think our allocation to the United States is too high." Kaplan said. "We are having hedging conversations with people around the world, and some of them have never hedged the US dollar in the past 15 years." Kaplan pointed out that although investors still regard the United States as a safe haven for funds, "they have a little more confusion about the US institutional framework."Russian Ministry of Defense: Air defense systems shot down 42 Ukrainian drones in the early hours of Saturday morning.1. The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average down 0.59%, the S&P 500 down 0.05%, and the Nasdaq up 0.44%, hitting new all-time highs. Merck and Sherwin-Williams fell over 2%, leading the Dow lower. The Wind S7 Index rose 1.14%, with Tesla up over 7% and Apple up over 1%. Chinese concept stocks saw mixed results, with JinkoSolar up over 6% and Douyu down over 4%. 2. U.S. Treasury yields rose across the board, with the 2-year Treasury yield up 0.99 basis points to 3.549%, the 3-year Treasury yield up 1.94 basis points to 3.527%, the 5-year Treasury yield up 3.81 basis points to 3.633%, the 10-year Treasury yield up 4.57 basis points to 4.070%, and the 30-year Treasury yield up 2.69 basis points to 4.681%. 3. International precious metal futures generally closed higher. COMEX gold futures rose 0.19% to $3,680.70 per ounce, a weekly gain of 0.75%. COMEX silver futures rose 1.26% to $42.68 per ounce, a weekly gain of 2.71%. 4. International oil prices rose slightly. The main contract for US crude oil closed up 0.37% at $62.60 per barrel, a weekly gain of 1.18%. The main contract for Brent crude oil rose 0.77% to $66.88 per barrel, a weekly gain of 2.11%. 5. London base metals rose across the board, with LME zinc futures up 1.93% at $2,956.00/ton, up 3.32% for the week; LME nickel futures up 1.52% at $15,380.00/ton, up 0.95% for the week; LME lead futures up 1.13% at $2,019.00/ton, up 1.71% for the week; LME aluminum futures up 1.03% at $2,701.00/ton, up 3.86% for the week; LME tin futures up 0.74% at $34,955.00/ton, up 1.87% for the week; and LME copper futures up 0.13% at $10,064.50/ton, up 1.69% for the week.According to Sky News: BlackRock (BLK.N) will invest 500 million pounds in British data centers during Trumps visit.According to the Financial Times: Nestlé shareholders have called for the chairman to resign due to executive turmoil.

3Trading skills for New Day Trader!

Lubomir Tassev

Oct 25, 2021 13:27

 1. What To Focus On When Day Trading

       To excellent Day Trade you need live price charts, and also an economic calendar, which can cause large instantaneous price moves. But to a New Day Trader, all the information you need to trade is right on your price chart, except the economic data disclose times. Once you know when high impact economic data is disclosed, avoid trading for several minutes around that time. All New Day Traders only focus on one thing--the price chart. This way you have less information to deal with.

      When day trading, Ignore financials and fundamentals, just focus on the chart for today. There is no need to check daily charts or weekly charts.  One-minute or five-minutes charts should provide all the data you need to Day trade .

 

   2. How to Day Trade

      Simple is better. You don't need to know what every technical indicator does or how it works. To be a good Day Trader, you need only to know one-- trading strategy.

Many day traders who have traded successfully for years only use one strategy. When your strategy provides a trade setup, trade it. No trade setup, no trades. 

When a strategy produces a trade signal, ensure the trade execution. 

 

Learn more about this, refer to the article “ How to Choose Your Trading Strategy”


   3. How to gain consistent profits?

       Perfect practice makes perfect. There is no shortcut--if you want to be good at something you have to practice it...a lot! This means using a strategy looking for trade setup each trading day. For about half to a year--day trading consistency will likely come out.

 

 

Final Word

First, limit what you focus on. What you need is in your chart.

Start with one asset and just trading on time frame--one or five-minutes chart.

 

Second, practice one strategy over and over again, until you are profitable with it for several months in a row.

 

Finally, Continued success requires that you come to the market every day with the same skills and processes that made you profitable in the first place.

 

 

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