Archives of “February 2019” month
rssAverage intelligence is enough.- William Eckhardt
"A statement that can explain two contradictory outcomes explains nothing at all."
US Media Hits Record High, As CNBC Viewership Drops To Multi-Year Low
In today’s “less than surprising data point” category, the clear winner is Gallup’s analysis of people’s ever increasing distrust in the mass media. From 46% in 1998, the percentage of people who indicate they have “not very much/none at all” trust in mass media has grown to a stunning 57% currently. This is an all time record, as the general public perception toward the MSM has flipped over the past decade. Is it becoming increasingly more difficult to lie to the average American? In this time of unprecedented economic upheaval, where the political regime depends on just how far any given administration’s lies can penetrate amongst the broader population, this may well become the most critical factor in determining policy for the future. And with ever increasing alternatives of non-traditional media, could the legacy ad-supported media model, which by definition is one which espouses the status quo, be doomed precisely by the slow but steady education of the average American, who intuitively realizes that nearly every “fact” appearing in the media, especially that supported by any given political party, is a lie?
From Gallup’s study on media distrust:
For the fourth straight year, the majority of Americans say they have little or no trust in the mass media to report the news fully, accurately, and fairly. The 57% who now say this is a record high by one percentage point.
The 43% of Americans who, in Gallup’s annual Governance poll, conducted Sept. 13-16, 2010, express a great deal or fair amount of trust ties the record low, and is far worse than three prior Gallup readings on this measure from the 1970s. (more…)
Trading is a skill. Watch this video about – "Becoming Good at Something"
Motohisa Ikeda, new Japanese deputy finance minister, another weak-JPY promoter
Ikeda will be one of two deputies to new FinMin Noda and he has in the past been very vocal in his calls for the BoJ to embark on full-scale monetary easing to get inflation out to about 2% and get the USD/JPY back towards 120.
HOPE
Hope is a four letter word.An appropriate acronmym for HOPE Could be ;
Having
Our
Prayers
Expected.
False hope is great source of misery and no just in the trading arena.Prayers are always good by keeping in mind that some of Gods greatest gifts are her unanswered prayers.
Hoping is a sign that the trder has no control over his position.Traders should never be hoping and always trying to control the amount of risk at stake at all times.Always trading-never hoping should be a traders’s motto.
Skill versus Hard work
Is trading success dependent on innate skills? Or is hard work suffi-cient? There is no question in my mind that many of the supertraders have a special talent for trading. Marathon running provides an appro-priate analogy. Virtually anyone can run a marathon, given sufficient commitment and hard work. Yet, regardless of the effort and desire, only a small fraction of the population will ever be able to run a 2:12 marathon. Similarly, anyone can learn to play a musical instrument. But again, regardless of work and dedication, only a handful of individuals possess the natural talent to become concert soloists. The general rule is that exceptional performance requires both natural talent and hard work to realize its potential. If the innate skill is lacking, hard work may pro-vide proficiency, but not excellence.
In my opinion, the same principles apply to trading. Virtually any-one can become a net profitable trader, but only a few have the inborn talent to become supertraders. For this reason, it may be possible to teach trading success, but only up to a point. Be realistic in your goals.
Naked Truth about Mutual Funds ,Fund Managers
In India ,After Corporates …………..Biggest Manipulation is done by Mutual Funds !!
Useful Thoughts To Counter Fear
– Losses are a simple cost of doing business
– Since you always limit your lose to an amount of your account can withstand, there is nothing to fear.
– You have the courage to do whatever it takes to succeed at trading
– Each Trade is but one of many
– You keep your focus in the present because this is where the action is
– The potential profits are worth the risk
– Trading is about money, it’s not about your survival.
– Trading is only one way in which you can make money.
– You learn and grow stronger with each trading experience
– The future of your trading is bright.