When people trade the common misconception is that they are trading the market or taking money out of the market. They are not. They are trading OTHER TRADERS and taking money from OTHER TRADERS. In order for one trader to make money another trader or group of traders needs to lose money. This is how the market works and that is why it is a zero sum game. If you are losing money in the market the market is not taking your money, other traders are taking your money.
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rss15 Facts About China That Will Blow Your Mind
1.) By 2025, China will build TEN New York-sized cities.
2.) By 2030, China will add more new city-dwellers than the entire U.S. population.
3.) China already consumes twice as much steel as the US, Europe and Japan combined.
4.) If the Chinese, one day, use as much oil per person as Americans, then the world will need seven more Saudi Arabia’s to meet their demand.
5.) There are already more Christians in China than Italy, and China is on track to become the largest center of Christianity in the world.
6.) Chinese are far more likely to believe in evolution than Americans.
7.) Chinese internet users are five times as likely to have blogs as Americans.
8.) China has 150% more soldiers than America does, plus a high tech ‘Kill Weapon’ the U.S. can’t deal with.
9.) China still hasn’t rid itself of Europe’s medieval plague.
10.) 40% of Chinese small businesses went bust or almost went bust during the world financial crisis.
11.) China executes three times as many people as the rest of the world COMBINED… and uses mobile execution vans for efficiency.
12.) China averages 274 protests PER DAY.
13.) When you buy Chinese stocks, you are basically financing the Chinese government. Eight of Shanghai’s top ten stocks are state-controlled arms of the government.
14.) 50% of counterfeit goods come from China.
15.) The majority of Chinese drink polluted water.
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Jim Rogers :I guarantee by 2012 next recession
Last night in London, Jim Rogers, chairman of Rogers Holdings, was interviewed by CNBC after US Fed announced its decision of leaving the rates alone.
Rogers is very critical to the Fed whose solution to the crisis has been “printing money”, a strategy that he does not see sustainable, “there will be no trees left” if the Fed keep on printing money. Rogers’s contempt to the US Fed is obvious, to a point that he stated that he isn’t paying attention to them at all. He thinks investors are better served to read and think and come up with their our opinions. “Sometimes I got it wrong, sometimes Igot it right” he said.
Commenting on the US Housing market, Rogers thinks that the market will stay low for many years to come to work out the inventories.
I found his answer to the recession question evasive at the best, for the CNBC anchor was looking for a “Yes” or “No” for an imminent double-dip recession. “We’re going to have another recession, I guarantee you… By 2012 say, it’s time for another recession.” – anybody could have said that, for recession comes and goes.
But, “The next time it’s going to be worse because we’ve shot all of our bullets,” he warned us. Rogers has been advocating investing in commodities.