Archives of “January 2019” month

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"Common Sense" Rules for Traders

  
  Education

 

commonsense

  • Divide your capital into 10 equal parts, and never risk more than 1/10 of your capital on any one trade.
  • Use stop-loss orders and always protect a trade when you use a stop-loss order by using reasonable price limits.
  • Never over-trade and adhere to your risk management rules.
  • Never turn a profit into a loss. If you are using a stop-loss order, then raise your stop-loss so as to lock in a profit. (more…)

10 Useful Reminders

  
  Education

1.) The big money is made in holding good companies with the right business model for the long term rather than in short term trading.

2.) While the big move has already occurred, there is still room for stocks to move higher over the next 12 months.

3.) The risk/reward trade-off isn’t attractive enough to move to overweight.  Recommend neutral positions.

4.)  Life is not about perfection on Day 1. It is about making those little choices every day and adjusting along the way. As the famous Steve Jobs (God bless his soul) said, you can only connect the dots looking backward. Life is not about getting a chance; it’s about taking a chance.  – Jay Jaboneta via Rappler (On being men for others) 

5.) A publicly listed company, well distributed and well owned, wrests control from the founders and gives it to thousands of faceless shareholders.

6.) Sometimes it’s best to conserve energy, to play the long game, and not to risk everything for the sake of a short-term win. (more…)

Open Mind

  
  Education
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Nothing is infallible in the stock market — no theory, no measure of the market be it technical, fundamental, or cyclical. The basic tenet of any investment or trading methodology worth its salt should be that it’s not infallible.

Those that demand the least from a method will gain the most from it. Those who demand the most from a method will be the ones most frustrated by it.

The only way to gain control is to give up control. The only way to gain control is to give up the idea of trying to have control.

The market is more art than science: The good and bad part of any genuine approach to the market is that it requires interpretation, which is what makes markets and opportunity, but is bad because it’s frustrating.

The study of the market is part theoretical and part philosophical. That’s what makes it so intriguing. The market is a mystery. Despite all the artificial intelligence and computer power available, no one has solved the mystery. There’s no sure thing in the markets.

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This is no-man’s-land. Every technical benchmark and data point seem but an island in the market’s stream of confusion.

As a trading bro said to me over the weekend, “If you have an opinion in this market, you’re wrong.”

Keep an open mind.

Panasonic develops tomato-picking robot

  
Analysis, Education
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Panasonic has developed a robot to harvest tomatoes, starting field tests with an eye toward eventual commercialization.

     A miniature camera that captures more than 70,000 pixels is combined with an image sensor to identify ripe tomatoes by color. The robot picks them by the stem to avoid bruising and can work at times when humans are unavailable, such as at night.

      When a basket fills up, the robot is notified wirelessly and automatically replaces it with an empty one. Yield and quality can be managed through data. The prototype can pick one tomato every 20 seconds or so, but Panasonic seeks to slash this to six seconds with improved sensors.

     Panasonic has been applying its sensors and other technologies in the agricultural sector. It is making the jump to robotic farming at a time when Japanese farmers face a graying and shrinking workforce. The company is also considering using the machines at its own plant factories.

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