Investor challenges across life cycle
Archives of “February 2019” month
rssAgreed
Warren Buffett on investing in great people
The 7 Essential Trading Rules
1) Begin each trade with the end in mind (have a game plan)
2) Always maintain a “P.M.A.” (Positive Mental Attitude)
3) Avoid falling in love with investments and positions
4) Only invest when you have an “EDGE”
5) The market does not know your position or how much you are up or down
6) Manage Your Risk: H + W + P = E
(Hoping + Wishing + Praying = Exit the Trade)
7) Play the game “One Trade at a Time”
(The most important investment is the one you have right now – not the one you had in the past or the one you want to do in the future)
14 Ways to Define Market
Here is a list of 14 ways I define it.
1. based on past high-low vs multiples of ATR
2. based on the position of current close vs past high-low
3. based on change of price moving average
4. based on standard deviation of closing prices vs. percent of closing price
5. based on slope of linear regression
6. based on change of ATR
7. based on ATR vs percent of closing price
8. based on sign of average returns
9. based on average of abs(return) vs percent of closing price
10. based on standard deviation of returns vs percent of closing price
11. Vol
12. Liquidity
13. Bar size
14. Speed
Perspective
The goal of a good trader, paradoxically, is not to make money. His goal is to trade well. If he trades right, money follows almost as an afterthought. Successful traders keep honing their skills. Trying to reach their personal best is more important to them than making money.”
Tolstoy on trading
“A monkey was carrying two handfuls of peas. One little pea dropped out.
He tried to pick it up and spilt twenty. He tried to pick up the twenty and spilt them all. Then he lost his temper, scattered the peas in all directions and ran away.” – Fables, Leo Tolstoy
ALERT : Default Risk at State Bank of India Surges on Bad Debt Concerns
Corporate America Is Having Its Best Earnings Season in 13 Years
The Perfect Trader
The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade. They do not give unsolicited advice to other traders because they know everyone trades their own system and their own plan. They are not angered by the market action with losses because they take full responsibility for all their trades. They keep a detailed record of all their trades to learn from winners and losers. They love trading and never stop learning and getting better. The Perfect Trader always protects their capital through risk management, always trusts in their methods, always has faith in themselves and method, and always perseveres.