Archives of “January 6, 2019” day
rssWords to live by
1. Do not argue with an idiot. He will drag you down to his level and beat you with experience. |
MCX Crude :Laxman Rekha at 3548
Just watch 3548 level.
Decisive crossover above this level or two close above this level will create heavy buying.
Above 3548…Nonstop rally upto 3688-3735 not ruled out.
-Pls Don’t trade blindly.
Apart from levels ,many other factors we have to see while we trade in Precious or Base Metals ,Crude and Natural Gas.
-Indian Traders had lost their fortune in Commodity /Metal trading in MCX.
-In Stock Market 90% Traders are losing money.But in Commodity/Metal /Crude and Natural Gas……100% no winner at all.
-In India its pure Satta (Andazi goda )…all these Metals/Crude or Natural Gas trend is decided by US Market only.
-I don’t understand …What benefit Indian Traders are geting while they trade in MCX ?Just avoid trading at all….Best Strategy…Take NYMEX /COMEX trading terminals and trade.
Indian Traders are looking Inventory of US and trading in Natural Gas/Crude.Indian Traders dont have access to Future Position of GOLD ,Silver or Base Metals in COMEX or London Metal Exchange !!
Updated at 12:51/09th June/Baroda
Career advice
Shinzo Abe will not revive Japan by rewriting history
The headlines shout that Japan is back. Shinzo Abe has returned the country to centre stage after more than a decade in the wings. This week’s turbulence aside, the stock market has boomed, consumers have been spending and growth looks like picking up. Abroad, Japan is commanding attention. There are three things to say about this reversal: two are mostly positive and the third seriously negative.
When the Japanese prime minister tips up at next month’s meeting of the Group of Eight advanced industrial nations, it is a fair bet his fellow summiteers will want to get to know him. The same could not have been said of his recent predecessors.
The prime minister’s office has had a fast revolving door. Between 2006 and Mr Abe’s election victory in 2012 there were as many occupants as years. Other world leaders would shake hands with their Japanese counterpart in the near certain knowledge that he would be gone before their next big gathering. America’s Barack Obama was said to be especially irritated by the time wasted in these fleeting encounters.
Mr Abe, of course, was one of those who passed through the revolving door – presiding over a failed administration between 2006 and 2007. His political prospects now, however, are better than any since Junichiro Koizumi’s premiership in the opening years of the century.
Mr Abe’s ruling Liberal Democratic party faces elections to the upper house in July, but if the polls are any guide it is heading for a comfortable majority. Barring any accidents, that would leave Mr Abe with a clear run until the next poll for the lower house in 2017. (more…)
To Understand The Fundamentals of Stock Markets -Play Yo -Yo Everyday
"If you are more fortunate than others, it is better to build a longer table than a taller fence."
6 Rules of Michael Steinhardt
1. Make all your mistakes early in life: The more tough lessons you learn early on, the fewer (bigger) errors you make later. A common mistake of all young investors is to be too trusting with brokers, analysts, and newsletters who are trying to sell you something.
2. Always make your living doing something you enjoy: Devote your full intensity for success over the long-term.
3. Be intellectually competitive: Do constant research on subjects that make you money. Plow through the data so as to be able to sense a major change coming in the macro situation.
4. Make good decisions even with incomplete information: Investors never have all the data they need before they put their money at risk. Investing is all about decision-making with imperfect information. You will never have all the info you need. What matters is what you do with the information you have. Do your homework and focus on the facts that matter most in any investing situation.
5. Always trust your intuition: Intuition is more than just a hunch — it resembles a hidden supercomputer in the mind that you’re not even aware is there. It can help you do the right thing at the right time if you give it a chance. Over time, your own trading experience will help develop your intuition so that major pitfalls can be avoided.
6. Don’t make small investments: You only have so much time and energy so when you put your money in play. So, if you’re going to put money at risk, make sure the reward is high enough to justify it.
The Definition of an Asymmetric Bet: Trend Following
Not the exact trend following mindset, but pretty damn close. Close enough that I hope you see the obvious parallels. If you don’t see ‘em, well the flock always needs another member to run in the herd…