Everything in life is a trade-off. Should I buy insurance for my house?
Should I invite my crazy aunt over for dinner?
Everything is an exchange.
This could involve the conventional trade of money but also of time, social credit, and personal utility.
Understanding the trade-offs in your personal day to day life is important.
It also provides a strong mindset to understand trading in the stock market.
The Financial Times is gated, reporting moments ago that the “EU offers free Covid-19 vaccines to China to help curb outbreak”.
FT citing EU commission officials, speaking under the condition of anonymity
Snippet via analysts at Natwest, thier overarching view is for major DM economies to enter into recession this year.
US CPI forecast down to 3.2% in 2023
Fed Funds rate terminal at 5% by the middle of this year
Sometimes we rely on hope and willpower while trading.
Yet a stock price doesn’t depend on your determination.
Trade what works. Be mechanical when you are right and wrong and leave the emotions out of trading.
Traders will always lose.
Become accustomed to it.
Without being honest with yourself and admitting you were wrong you will never learn.
Those who stay spiteful and married to wrong ideas will only harm themselves in the long term.
In contrast individuals who make frequent mistakes but learn from them will be incredibly successful over time.
The UK Department For Work And Pensions with the announcement that
There may be questions raised in financial markets about the impact on inflation of what is, in effect, a fiscal boost. But folks gotta eat and warm their homes.
