Patience , RIMM, Firday's Econ. Reports

Patience
One of the main keys to being a great trader is having patience and not letting the emotion and euphoria of the market move you. As we have seen, this market can go up and then it can come right back down just as fast. Have a clear trading plan, that includes a entry and exit and remember greed is the trader's worst nightmare.

President-Elect
The economic reports have not been been good and in particular we are seeing that lay-offs are becoming inevitable. The U.S. has just passed a monumental level by electing the first African- American president and the Street is waiting to see the effects of this new government leadership.

Other News
RIMM will sell its new phone, the storm in the UK on Nov. 14, with hopes of having huge sales. It was down over 9% today.

Friday' Economic Reports
Friday will bring many key economic reports that could help continue the current downward trend of the market. Check out the other reports here.