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rss1Q 2015: US, China, India 80% of world's growth.
Finally, today is the 22nd anniversary of Black Monday
COMPLETE ORIGINAL NEWSPAPER, the NY Times dated Oct 20, 1987. (My personal Collection )
Front page headline: “STOCKS PLUNGE 508 POINTS, A Drop of 22.6 %; 604 Million Volume Nearly Doubles Record.” This is the iconic NY Times with banner headline news coverage of the 1987 Stock Market Crash, known as the Black Monday Crash !! There is a prominent front page chart of the Dow Jones Industrial Average from 1982 through 1987, showing the precipitous drop on Oct 19, 1987 !! (more…)
"The public, as a whole, buys at the wrong time and sells at the wrong time."
Howard Lederer – On Poker And Trading The Markets
Michael Covel just published a new video interview. This one is about what kind of strategies you need to apply in order to win. Although the video is more or less about poker the insights of Howard Lederer can easily be applied to trading. Here’s a passage in the interview I’d like to quote:
It’s not about winning huge pots. It’s about losing less when you lose and winning more when you win.
Technically Yours
Anirudh Sethi ,Baroda /India
"Don't go to Business School..Remember 2 things
Technical Analysis & Fundamental Analysis-Thought
- Technical Analysis relies upon the idea that smart money will move into a market and give advance warning that a position should be taken. This often occurs when the true major
fundamentals are unknown. - While Fundamental Analysis may help you understand how things work, it does not tell you when, or how much. Also, by the time a fundamental case presents, the move may already be over.
This is why Bezos wins
To trade successfully you need dedication,a structured approach and a passion for details and math.
Just do your thing!
