BACK TO WORK

After missing a few sessions of active trading, here is how you rebuild your contextual feel.  Keep in mind, I blew into the dead lands of Detroit on a red eye flight only a few hours back.  A proper gent might enjoy their family Sunday before dismissing them to their favorite television series while he retires to his study to assess global financial matters.  However a tight deadline forces efficiency.

Thus you strip the nonsense and focus on the essentials that produce 80% output with 10-20% input.  Foremost, clean the filth of travel from your person.  Then a lean breakfast must be produced using a modern oven aka the microwave.  Three to four whole organic free range eggs in a Pyrex scrambled and mixed with a hearty salsa to create a lean southwestern energy source.  Next an oversize bowl of spinach also heated via microwave then doused with lemon juice, ground flax seed (this should already have been ground), and a dash of ghost pepper sea salt for flavor.

Now cleaned and nurtured, you need power sources of market information.  People who were not degenerates while you were who are still in touch with the market pulse.  ChessNwine’s Weekly Strategy Session is the best primer on the internet.  Perhaps introduce a small dose of caffeine to the body while enjoying the comprehensive recap.

Next peruse a detailed economic calendar.  The last thing you want is a scheduled economic event which carries an elevated likelihood to move the markets ‘surprising’ you.  The best calendars can be filtered for importance eliminating the need to scan 30-40 events.  There are only eight major economic announcements this week and two came from China overnight.  They produced no reaction on the Nasdaq.

A rifling through the last three or four blogs from consistent tier one sources makes sense, if only to see if a title grabs you.  You may choose to slide through a well built twitter stream as well (careful, this can be a shortcut to distractions).

If you attended the First Annual iBankCoin investor conference, a treasure trove of information, then you have an intimate understanding why earnings out of Walmart are more important than most government generated economic numbers.  Jeff Macke, a comported expert on the retail space, explained how much information can be gleaned about the consumer from this report as we head into the holiday shopping season.  Take heed to the market behavior ahead of Thursday’s open.

Finally a proper look at the most objective market information available must be conducted.  Recent price action and the structure of volume observed and objectively judged through the lenses of auction theory.

Put that mouse down and step back from your trading terminal unless you have given yourself a fair chance at understanding the market climate for the weather is cold and the dagger of winter and headed for your assets.

If you subscribe to the tenants of mindfulness this is also a splendid time to take some slow meditative breaths and focus on oneness or perhaps your god, whatever helps clear the mind to awaken to what truly matters.

 

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