Archives of “January 2019” month

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Visualizing The Global Rush To Build Skyscrapers

  
Analysis, Education
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In the last two years, 39 skyscrapers taller than 300m have been constructed, with five of the them eclipsing the height of the Empire State Building.
Global skyscraper construction has increased a whopping 402% since 2000.

HIGH-RISE HOT SPOTS

China

Nearly every sizeable Chinese city has skyscrapers under construction, and the numbers are staggering. Since 2012, China has added 38 skyscrapers over 300m (~1,000 ft) in height, and there are another 16 skyscrapers on the way in 2018.
In particular, the Pearl River Delta megaregion, which is anchored by Hong Kong, Shenzhen, and Guangzhou, has seen an astonishing commercial construction boom. Today, 20 of the 100 tallest buildings on earth are located in just this one urban megaregion of China. (more…)

The composite of a losing trader

  
  Education
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loser-traderThe composite of a losing trader would be someone who is highly stressed and has little protection from stress, has a negative outlook on life and expects the worst, has a lot of conflict in her/her personality, and blames others when things go wrong. Such a person would not have a set of rules to guide their behavior and would be more likely to be a crowd follower. In addition, losing traders tend to be disorganized and impatient.

Vigilance

  
  Education
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Vigilance is the non-stop guarding and protecting of important things. In trading there is nothing more important than money. The Professional Trader takes his money very seriously and has given it a more serious term: “Capital”. Capital is everything to the winning trader. It is not just the end goal, it is the means and the source before, during and after the trades. The Professional Trader guards his capital very closely because it will allow him to trade today, tomorrow, next week, next month and next year and beyond. If capital is not protected at all times, then the entire effort for the year can be gone and future opportunities are severely limited. Vigilance in trading means holding the protection of your money, your capital as your constant highest priority. Properly protecting your capital includes starting with enough to trade wisely and be able to stay in the game when the inevitable downturns and losing streaks occur. (more…)

Learning through failure

  
  Education
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failureVery often we learn more from our failures than from our successes. The  path to success travels inevitably through certain failures.

 A look at successful traders and entrepreneurs shows that they have been  able to survive failure as many times as they have had to. They use failure  as feedback. They learn from it and make changes and go on. Many super  traders have experienced crushing loss in their  early trading years. All of  them picked themselves up, made adjustments, and with the sure belief that  they could make it back through better trading, did just that.  (more…)

My 11 Trading Rules

  
  Education
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Trading in the markets is a process, and there is always room for self improvement. Here are my 11 rules that help me navigate the markets. By no means is this list exhaustive or exclusive.

Rule #1
Be data centric in your approach. Take the time and make the effort to understand what works and what doesn’t. Trading decisions should be objective and based upon the data.

Rule #2
Be disciplined. The data should guide you in your decisions. This is the only way to navigate a potentially hostile and fearful environment.

Rule #3
Be flexible. At first glance this would seem to contradict Rule #2; however, I recognize that markets change and that trading strategies cannot account for every conceivable factor. Giving yourself some wiggle
room or discretion is ok, but I would not stray too far from the data or your strategies.

Rule #4
Always question the prevailing dogma. The markets love dogma. “Prices are above the 50 day moving average”, “prices are breaking out”, and “don’t fight the Fed” are some of the most often heard sayings.
But what do they really mean for prices? Make your own observations and define your own rules. See Rule #1. (more…)

10 Foolish Ways to Lose Money in Bull Markets

  
  Education
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” There is only one side of the market and it is not the bull side or the bearside, but the right side.” – Jesse Livermore10-number-

  1. Be a bear in a bull market.
  2. Keep shorting a bull market and see what happens. LOSSES.
  3. Wait for a deep pull back that never comes as the market goes higher and higher each day. Then chase at the end of the move.
  4. Buy puts and sell them for a loss over and over.
  5. Keep betting on a market meltdown as the indexes make all time highs over and over again.
  6. Buy ABC ,XYZ  and see what happens. LOSSES.
  7. If your trading plan is the “the market just can’t go higher” you’re going to have a bad time.
  8. Short in the hole right at resistance. The bounces are brutal.
  9. Have a bearish opinion, keep a bearish opinion, trade a bearish opinion.

  10. Being a stubborn perma-bull instead of a flexible trader.

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