The Sensex, the benchmark index of BSE, posted a return of 64% during the first 36 weeks of the current calendar year increasing their kitty by whopping Rs 946,757 cr. Incidentally, this is the highest return during the same period for the last 17 years.
Many hurdles for Wardha’s farmer suicide cases
Farmers grow desperate as India is hit by worst drought since 1972
Drought-hit Indian farmers sell wives to pay debts
Uttar Pradesh Farmers Among Worst Hit by Drought
Dark secrets of Baramati
Drought, debt lead to Indian Farmers’ suicide
India’s Sugar Crop Wilts Amid Drought
Droughtexpands in India, sugar regions hitHunger haunts more than 20% in India, much of Asia: ADB report
Is India getting poorer?
1. Find and trade markets where your edge is the greatest.
2. Avoid markets were the probability of rule changes and lack of transparency is present.
3. Think of and imagine market scenarios others fail to.
4. Fundamental macroeconomic forces will ultimately prevail.
5. Trading time frames and profit objectives though must coincide with what the market is giving you at any one time.
6. Quantify risk with a multidimensional perspective, not just by one or two measures such as VAR or a price stop.
7. Learn from history. Jay Gould and his attempts to corner the gold markets in the late 1860’s. The Russian default of 1917 and 1998. The European Rate Mechanism break up. The Tequila crisis of 1994. The Asian financial crisis.
8. Be deadly serious, as Gichin Funakoshi said “You must be deadly serious in training”. If you have a position make it a meaningful size and monitor it carefully. I recall many comments from fellow traders the past few years saying something like “I am long EuroSwiss just to have some on but not really watching it.”
9. Define and use a trading methodology that incorporates a process and framework that works for you. Inclusive in this should be a daily routine that includes diet, exercise, family time, etc.
10. Seek out catalysts for CHANGE in markets. Where are the forces, in a Newtonian like law of motion, building up the greatest to cause a CHANGE and movement in markets?
In the letterhead Hindi and English, both words are spelled wrong. So many teachers have surrounded these wrong words and sent photocopies of the same letterhead to Irani.
Mark Andrew Ritchie grew up in the Deep South, in an Oregon coast logging town and in Afghanistan, where he traded in the bazaar for kites, glass string and homing pigeons. He eventually became a pit trader at the Chicago Board of Trade, a founding partner of CRT (once the largest options trading firm in the world), a participant in Jack Schwager’s bestselling book “The New Market Wizards” (1994) and creator of the Ritchie Rule trading app.
After raising five kids with his dream woman, she engaged him to follow her dream working with orphans in Asia where he became a barefoot banker. He is Chairman of RTM2, a trading group, and lives near Chicago. He has authored many widely acclaimed books, including “God in the Pits” (1989) and “Spirit of the Rainforest” (2000). His latest book on trading, “My Trading Bible“, scheduled for release in September, is now available on Amazon.
Erico Tavares: Mark, it is a great pleasure to be speaking with you today. Your life has been an inspiration to many, as a market trader, family man and someone very involved in spirituality and philanthropy. What has inspired you to have such a keen interest in these often conflicting fields?
Mark Andrew Ritchie: I spent part of my childhood, aged 9 to 13, in Afghanistan. It was a unique experience, trading in the bazaar for strings, kites and pigeons with some very poor people. After returning to the US and trying to have a normal youth, tragedy struck and I lost my younger brother in an accident.
It has occurred to me, only recently in fact, that these two factors have been the most important in shaping my personal development. Throughout all these years I have never discussed them with any of my peers and friends. This is understandable as losing someone so close is a very sensitive topic, and the experiences in Asia were just too distant for any of my peers to have any discussion with me about it. But that’s why I am who I am.
A Saudi cleric told students at a university in the United Arab Emirates that the Earth is stationary and does not move around the Sun, insisting any claims to the contrary are pure speculation.
Sheikh Bandar al-Khaibari said that the Earth cannot be revolving around the Sun because otherwise airplanes would not be able to reach their destination. In a recently emerged video, the cleric can be seen using a cup of water to awkwardly explain why the Earth is in fact stationary. Take a look:
Daniel Tenengauzer, co-head of global emerging markets fixed income strategy and economics at BofA Merrill Lynch Global Research, is not convinced by the buzz surrounding India. ‘Compared to the rest of Asia, India is not the best story.’
‘My problem with the Indian story is fiscal. The government spends a lot of money which has increased the country’s current account deficit. The fiscal deficit for this year is -10.6% – China’s is half of that.’
