World Steel Glut & China
Archives of “January 13, 2019” day
rssLinks For Traders
Interesting reads:
- Gamblers, Scientists and the Mysterious Hot Hand
- Hedge fund lobby hits back at automated trading’s critics
- A Dozen Ways Charlie Munger Thinks like Philip Tetlock
- Pólya’s Urn
- Trading Success and The Illusion of Prediction
- The Biggest Mistake Of My Investing Career: Premature Evacuation
- Stocks Favored by Hedge Fund Managers Underperform Rivals, Study Shows
- Angus Deaton: A Skeptical Optimist Wins the Economics Nobel
- Risk, Radicalism, Reward
- How Using a Decision Journal can Help you Make Better Decisions
- John Burbank Lecture at UC Berkeley Haas – Invest In Things That Have Never Happened Before
- Three New Books, Three New Looks Inside the Financial Black Box
- Indexing’s Noble Lie
- Good Investing Means Having to Look Stupid Sometimes
- Inside the Market of Stocks
- The Golden Years are Over
- How Too Much Knowledge Sharing Can Suppress Innovation
Learn from your mistakes
“The single most important advice I can give anybody is: Learn from your mistakes. That is the only way to become a successful trader.”
David Ryan
Make it a habit to review all your trades once a month. Notice where you entered and ask yourself why did you initiated such a position. What was the underlying reason behind your move. Was it pure emotional reaction or strictly following a plan. What were your exit rules and how well did they help you to preserve capital and maximize profits. No other exersize will teach you more about your weaknesses and strengths.
The truth
Software is eating the world
3 Types of Chart Patterns
Europe GDP per capita
TIMING ENTRIES AND EXITS
1. Forget the news, remember the chart. No one is smart enough to know how news will affect price in every case. The chart already knows the news is coming.
2. Execute positions based on numbers, time, and volume, not emotions. This discipline forces the trader to distance himself from reckless gambling behavior.
3. Remember that participants in the markets echo similar patterns over and over again based on the infallible rules of human behavior allowing the trader to take advantage of potentially profitable trades while minimizing losses.
“Dad, How Does the Stock Market Work?”
Always Remember This If You Want To Achieve Something in Life & Trading
