The Final 2022 Economic Reports To Be Aware Of
Dec 06, 2022
The Week
Very interesting week with major economic government reports coming out on Wednesday and Friday both with strong trading herd reactions
Our next reports to be aware of are the PPI December 9th, the CPI December 13th and FOMC Rate Decision December 14th. These are the reports that have been causing crazy Market swings lately.
Looking Ahead
Generally, I feel the Market struggling to maintain an uptrend which I believe it will through Christmas. I still believe the week between Christmas and the New Year will be flat. Then in January, I expect the choppy up and down action will be back in our trading lives. I am getting use to the New Normal and gaining confidence despite the chaotic swings.
How am I Doing?
I have had a great week of profits. After an afternoon which continued through the night I came to some realization about my trading. I was trying to trade using setup like I had for years. It wasn’t working. When I acknowledged there is a New Normal and made some adjustments, I started making good profits on my trades. After 9 weeks of our DATA class my account is up 62.5%. That’s a 10% increase for the week despite the chaos that government economic reports threw at us.
I remind myself once again~
Trading is a game for thinkers not copy-cats.
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☑️ Have confidence in making trade decisions for yourself?
☑️ Create wealth even in the most volatile markets?
☑️ Have peace of mind about your financial future?
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