Skin in the game makes a big difference
Archives of “February 2019” month
rssFOMC Policy Decision Matrix Exposed
20 Rules for Traders (Must Read )
1. Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming.
2. Buy the first pullback from a new high. Sell the first pullback from a new low. There’s always a crowd that missed the first boat.
3. Buy at support, sell at resistance. Everyone sees the same thing and they’re all just waiting to jump in the pool.
4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.
5. Don’t buy up into a major moving average or sell down into one. See #3.
6. Don’t chase momentum if you can’t find the exit. Assume the market will reverse the minute you get in. If it’s a long way to the door, you’re in big trouble.
7. Exhaustion gaps get filled. Breakaway and continuation gaps don’t. The old trader’s wisdom is a lie. Trade in the direction of gap support whenever you can. (more…)
The war against ‘insider trading 2.0’
In India u can fight for Poverty or can try to stop Corruption…….But u can’t stop INSIDER TRADING-It’s our Challenge
Insider trading is a fluid concept. Until 1980, the practice was not illegal in the UK. Prior to then, tipping off favoured clients about market-sensitive company information was a stockbroker’s job description, rather than an illegal activity. Times have changed and so has the pace of financial markets.
In 2009, Samantha Bee, one of the cast members on The Daily Show, the satirical US television programme, said that “if I know about a stock’s activity the day before, it’s called insider trading. But if I know about a stock’s activity one second before, it’s called high-frequency trading.”
Now, however, Eric Schneiderman, the New York attorney-general, is waging war on what he calls “insider trading 2.0”. He is taking aim at the precise time sensitive information is delivered electronically.
Mr Schneiderman’s office is currently investigating the market data industry. In July, under pressure from Mr Schneiderman, Thomson Reuters suspended its practice of releasing consumer survey data from the University of Michigan (UoM) two seconds earlier to high-frequency trading clients who paid an additional fee. Clients paying for Thomson Reuters’ financial information terminals will continue to receive the data five minutes ahead of the general public, who have to make do with a press release. (more…)
How to find the perfect word.
Avoid intense ideology.
Cities with most female entrepreneurs
Bruce Lee’s Trading Lessons
Bryce Gilmore- Geometry of Markets I
Develop Your Mental Strength In Trading
Tip #1. Knowing what kind of trading actions to take.
This is important because it’s under your control. This includes identifying good trading opportunities and good entry price. Many people just like to be trigger happy and open any trades they want to. Trading is about getting quality trades and not quantity trades, more trading actions will cause more mistakes. Often people are very impatient and like to chase after the price and got in at a bad entry point. Remember that opportunities to trade will always arise, so wait for it and don’t risk unnecessarily.
Tip #2. Knowing what is going on in your mind, feelings and body.
Being aware of what the mind is telling you and how we are feeling is important in developing mental strength. When you know how you feel and how you think, it’s easier to keep things in control. For example, if your mind is telling you that today the market is not moving much in any direction, then you don’t sit in front of your computer to wait for an opportunity already! If you continue to find reason to trade, you’ll find yourself ended up in an unnecessary trade.
Tip #3. Commit to high value actions regardless of how you feel.
This means you have to be willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. While it’s not easy to maintain positive trading actions when you are feeling down, take a break from it and come back when you are refreshed.