If your system is easily understood, it might be simple enough for you to trade.
Archives of “January 4, 2019” day
rssGlossary of Trading Terms and Phrases
Better Lucky than Smart – The only thing we have going for us.
Buyer Outside – Something sales traders say to force your hand when they get tired of watching you play stock market.
Clean up – If you believe that I have a bridge to show you.
CSA – Clusterf**k Service Alternative: When it’s easier for you client to just write a check rather than trade with your team of farm animals.
DFIU – The latest IM catch phrase meaning “Don’t F**k It Up”.
Discount Bid – Chinese trading fire drill. There’s a 1 in 10,000 chance you actually get a trade on at the price but it’s a good exercise for going through the motions and a great way to kill a few minutes and piss some people off.
Down a Touch – This thing just came off like a f**king prom dress. (more…)
How Globalists Predict Your Behavior
The globalists seem to have an overarching obsession with data collection. As we have seen with revelations from multiple government whistle-blowers, the establishment spends most of its time, energy and manpower collecting information not just on known threats to their supremacy, but information on EVERYONE through FISA-based surveillance protocols. This is because the establishment sees every individual as a potential threat.
Thus, the system, without warrant, is programmed to collate data from everywhere, not necessarily to be analyzed on the spot, but to be analyzed later in the event that a specific person rises to a level that poses legitimate harm to the globalist power structure.
There was a time not long ago when this notion was considered “conspiracy theory” by the mainstream, but with multiple exposures from Wikileaks to Edward Snowden it is now common knowledge that the government (and the globalists) spy on us en masse. However, I do not think that many people understand the greater implications or uses for this full spectrum surveillance. This is why you sometimes hear the argument that “if you aren’t doing anything wrong, then you have nothing to worry about…”
The truth is, mass surveillance is not done merely for the sake of surveillance, and it is certainly not undertaken for the sake of public safety. There is a greater purpose, and it is something the elites crave dearly — the purpose of total and PREDICTIVE information awareness.
The establishment is not just hoping to observe our present behavior in detail. No, they hope to use today’s data to predict our behavior tomorrow, and at this very moment, they are extremely close to achieving their goal.
Lets examine some of the methods they use in the pursuit of this goal… (more…)
Success in Trading
Success in your trading business is contagious. Having a plan for success, as well as following through and readjusting your goals over time, is highly important. Here are my rules for success:
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Three Steps In Overcoming Trading Fears
1) Slow Down – That fight or flight response speeds us up. Under the influence of an adrenaline rush, our thoughts race, our bodies tense, and blood flows shift to the motor areas of our brains. When we sit still, breathe deeply and slowly, and focus our attention, we slow down the body’s fight or fight responses. Cooling down when events heat up is a great way to stay mindful and planned. The best way to cool panicky feelings is to keep the body in a chilled state incompatible with those feelings.
2) Treat Emotions As Information – Your emotions are either telling you about a genuine threat in the world or a perceived one. The key is sorting those two out. If you can stay mindful and use the emotion to trigger an analysis of the situation, you can either appropriately act on the threat or remind yourself that your reaction is more to the past than the present. When you treat emotions as information, you go into information processing mode, not blind action mode.
3) Rehearse To Perfection – Too often we step onto life’s stage without proper rehearsal. Any situation that generates a threat response can be mentally rehearsed through vivid visualization. If we can keep ourselves chilled when we imagine stressful situations and visualize ourselves acting constructively, we create new mind-body connections that eventually carry over to real life. If you conquer a fear 20 times in vivid mental rehearsals, it’s much harder to overreact to the 21st situation that occurs in real life.
Trading books that I recommend.
Emerging markets at risk from a gigantic bubble
From :FT
By orchestrating a massive appreciation of the yen in the mid 1980s, the US condemned Japan to decades of stagnation and ended the challenge to its own economic hegemony. Effectively, Japan was forced to commit financial hara-kiri.
This theory, once confined to Japan’s nationalistic fringe, is now being used by the Chinese authorities to justify their resistance to a substantial revaluation of the renminbi. By so doing they are misdiagnosing Japan’s woes and misperceiving the true threat to their own economy. The threat to China does not lie in an appreciating currency, but elsewhere.
Here’s what happened in the case of Japan. In the Plaza Accord of 1985 the G7 attempted to address global imbalances – worrying then, but small beer by today’s standards – by “encouraging” significant changes in currency parities. They got what they wanted. The yen took off and never looked back.
Japanese policymakers accepted the loss of competitiveness not because they were submissive, but because they were brimming with self-confidence. They believed their economy would survive any downturn with little damage, and they were right: the recession of 1986 was short and shallow.
Furthermore they saw a strong yen as a useful weapon in a world in which Japan’s trading partners were imposing quotas on its most successful companies. Again they were right. The all-powerful yen allowed Japanese auto makers to build up manufacturing capacity inside key Western markets.
They also believed it was high time to shift the Japanese economy from exports to consumption, and that a stronger yen would raise the purchasing power of households. Here, though, they were wrong.
The spending spree of the late 1980s – when Japanese salarymen sprinkled gold-flakes on their noodles and secretaries stayed in the same upmarket Hawaiian resorts as American chief executives – is now a distant memory. (more…)
Why 90 % Traders Lose Money ?Read These 20 points
They risk too much to try to make so little.
- They trade with the probabilities against them.
- They think trading is easy money.
- Instead of focusing on learning how to trade they focus on getting rich.
- They blow up due to improper position sizing.
- With no understanding of the mathematical risk of ruin they are doomed after the first long string of losing trades.
- Blindly following a guru that leads them down the road of destruction.
- They don’t do their homework.
- They trade opinions not robust systems.
- They go looking for ‘trades’ instead of a methodology. (more…)
Important goals for traders
1) Risk management goals – Goals pertaining to trade sizing and drawdowns;
2) Idea generation goals – Goals pertaining to the process of generating sound trading ideas and formulating these into plans;
3) Execution goals – Goals pertaining to implementing trade ideas/plans so as to maximize reward and minimize risk;
4) Position management goals – Goals pertaining to the management of positions once they’re entered, including hedging and scaling in/out;
5) Portfolio management goals – Goals pertaining to achieving good diversification among ideas and allocating capital effectively to those ideas;
6) Self-management goals – Goals pertaining to maintaining a constructive mindset for optimal decision-making;
7) Personal, non-trading goals – Goals that reflect desired outcomes in areas of life outside trading that might spill over into trading performance, including physical fitness, relationships, spirituality, etc.
‘Ronaldology’: Canadian University Offers Course on Cristiano Ronaldo
A fan of Real Madrid and still undecided about your major at university? Have no fear and take a sociology degree that focuses on Cristiano Ronaldo.
The University of British Columbia (UBC) in Canada is now offering a sociology degree that focuses on Cristiano Ronaldo and the cultural phenomenon around him, Bleacher Report says.
“Ronaldo is the center of every discussion, class meeting revolves around Ronaldo initially. And then we explore, we broaden out to larger themes.” – said Professor Luis Aguiar.
Cristiano Ronaldo is arguably the best football player on the planet. The 30-year old Portuguese superstar has already scored 44 goals in total since the start of 2014/2015 season. EAST NEWS
On January 13, Ronaldo received his third Ballon d’Or — the most valuable personal award in football. In the contest, the Real Madrid genius surpassed FC Barcelona forward Lionel Messi and Bayern Munich goalkeeper Manuel Neuer.
Professor Luis Aguilar was glad his students were well informed about Cristiano Ronaldo’s recent achievement.
The UBC is one of the oldest universities in Canada and enrolls over 58,000 students at its campuses in Vancouver and Okanagan Valley. The UBC is ranked 30th in the world (second in Canada), according to US News & World Report’s 2015 university rankings. The UBC has rich academic history: its alumni received seven Nobel Prizes and 67 Rhodes Scholarships.