Archives of “January 12, 2019” day

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Don't Confuse the Concepts of Winning and Losing Trades with Good and Bad Trades

  
  Education
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A good trade can lose money, and a bad trade can make money. 
Even the best trading processes will lose a certain percentage of the time. There is no way of knowing a priori which individual trade will make money. As long as a trade adhered to a process with a positive edge, it is a good trade, regardless of whether it wins or loses because if similar trades are repeated multiple times, they will come out ahead. Conversely, a trade that is taken as a gamble is a bad trade regardless of whether it wins or loses because over time such trades will lose money.

November core sector output at five-month high of 6.7%.Another Useless Data For Traders

  
Analysis, Education
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The annual infrastructure output growth accelerated to a five-month high of 6.7%in November, driven by higher production of cement and refinery products, government data showed on Wednesday.

The output expanded 6.3% year-on-year in October. It was 3.2% in the same month last year.

On annual basis, the coal production increased by 14.5% during the month.
The cement output accelerated to 11.3% as against -1% in October.
The April-November core industries’ growth increased to 4.6% from 4.1% a year earlier.

The infrastructure sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India’s industrial output.

EU, Germany deny Greek bailout plans

  
Analysis, Economy, Education
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just-say-no

Breaking News-ASR

The question of EU financial aid to debt-stricken Greece is marred by contradictory reports of a bailout. The European Commission and the German government both denied the existence of an alleged €20-25 billion bailout plan as an EU mission landed in Greece yesterday (22 February) to assess the country’s rescue plans.

A Commission official denied allegations that the EU is reviewing a bailout package for Greece to the tune of €20-25 billion after the Germany’s Der Spiegel magazine allegedly got hold of a paper from the country’s finance ministry detailing the terms of Berlin’s contribution.

The EU formalised its support for a Greek rescue, should the time come, at an EU summit two weeks ago, but member states refused to say how much a bailout could cost and how the money would be raised (EurActiv 17/02/10).

“Greece has not requested a single euro,” the Commission official told the press, rejecting claims that calculations of individual member states’ shares of a bailout were afoot.

German finance ministry denies ‘concrete plans’

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18 Trading Wisdom for Traders

  
  Education
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1. You will be tested mentally and emotionally this is not for the weak minded.

 2. Master Traders are detached emotionally from profit or loss.

3. Boredom is the enemy of the master opportunist.

 4. Haste is the enemy of great entry points.

5. Doubt is often followed by a lost opportunity.

6. The Trend will give you direction on your path.

 7. Having an exit strategy prevents unnecessary pain.

8. The laws of probability give strength to your fingers.

 9. Going against momentum brings forth the fools reward.

 10. Better the bad trade that is unrewarding.

 11. Habit is built on the principles of probability.

12. Know your exit point in the worst case scenario first.

13. The master trader is an escape artist.

14. When one knows the present they master the futures.

 15. Set realistic goals and let the good times role.

16. A loss can be turned into a win when one is swift.

17. A master in day trading trades in an egoless state.

 18. Times of great probability are like diamonds falling from the sky.

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