Latest Posts
rssPunishment
The essential component of the discipline of trading is that trading possesses a self-punishing feedback mechanism. If a trader breaks his or her trading rules and strays outside of the guidelines for controlled behavior, his or her edge will inevitably be lost. The punishment may be quick, as it is in the case when the opportunity for profit is sabotaged by the trader’s momentary loss of focus. Punishment may also be longer term, which occurs when the trader gradually strays from his or her trading rules. This may bring success at first, but it turns to failure the further away the trader strays from his or her established pattern. Whatever the exact circumstances, a trader who fails to exhibit the qualities associated with discipline will surely lose, whether quickly and painfully in the short term or slowly and gradually over the long term.
An expert is one who knows more and more about less and less until he knows absolutely everything about nothing.
Creating a Robust Methodology -7 Points For Traders
- A good trade is based on your trading plan; a bad trade is based on emotions and beliefs.
- A good trade is based on your own personal edge; a bad trade is based on your opinion.
- A good trade is made using your own time frame; a bad trade changes timeframe due to a loss.
- A good trade is made in reaction to current price reality; a bad trade is made based on personal judgment.
- Your plans can make you money because you’re not trying go predict what will happen; you’re adjusting in real time to what is happening.
- Always trade in the direction of the longer-term trend of your time frame where the easiest money is located.
- A good trade is made after identifying and trading with the trend; a bad trade fights the trend.
The overriding theme is you sell when you start rationalizing your investments
Learning to trade is a process
Focus on the process, not the results
Japanese Public Debt 2X GDP With Deflation Threat
In summary, Japan has “$9.5 Trillion in public debt”, 2x GDP (192% 2009 estimate, #2 behind Zimbabwe at 3x from CIA.gov) with threats of deflation and falling wages. This is after 2 lost deflationary decades and a loss of 75% on the NIKKEI index since 1990 (39,000 to 9,700 today, 1st chart below). The good news is, most of Japan’s public debt is held domestically in Japanese Yen. Some analysts believe US Treasuries could end up like Japanese Government Bonds (JGBs) and catch a bid even with hardcore reflationary policies (see David Rosenberg’s debate on March, 2010). What about the S&P, would it follow the NIKKEI’s footsteps in a deflationary environment? Or is the US economic machine too strong for that to happen.A 75% drop in the S&P from the October 2007 peak would be around 400, which is David Tice’s S&P target. What are the odds. Paul Krugman had an op-ed in the New York Times today titled The Third Depression. Hopefully Gold and the S&P move in tandem from here if more $ printing is coming. The 10-Year US Treasury Note is trading at $122 resistance in an ascending triangle (Chart 2) and I’m going to see what happens with the $USD at its 50 day moving average tomorrow.
Being on twitter these days be like
How Much Should We Trust
Just see with your naked eyes :
-Both leading Pink papers of INDIA.
-Just click first image and see the report.
-Now read 2nd image and just see time 2102 hrs
I dont want to write anything else ,Whom should we trust ?Iam saying and writing from last several years …Don’t trust Blue channels and pink papers.
If u have time then just comment !!