This is what Crude Oil looks like.
Mexico is paying the price for not being open in its development of crude reserves.
What is the real consumer impact on our economy?
Not only should we not get rid of nuclear weapons, but giving one to an unstable country often makes it safer to deal with them.
Just another step along China’s path to economic and political liberalization, it’s happening right before our eyes people.
My father, who is a real estate attorney in NYC, told me this week that all of the sudden he is slammed with deals after nothing for the past year, interesting.
Good luck finding a job right now.
What happens when California reaches 15% unemployment and crude trades at 100$.
The is ZERO value in cable news, Thomas Barnett is one of my favorite writers by the way.
I will volunteer to colonize the moon, but I don’t ever want to pay taxes up there.
Who gets how much oil from Iran.
There is no such thing as a safe haven for terrorist organizations anymore.
If you have the time and desire, please read this report on China, it’s long, but well worth it.
For all the ruckus in 08′, investing in hedge funds will always be better than leaving it to the market.
Smart kids will always want to go into investment banking, dumb rich kids as well.
You need emotional discipline or your trading will become erratic. The worst thing that can happen to a trader is that they experience a dose of ‘beginner’s luck’. An enhanced sense of confidence as the result of a few good trades (probably flukes) is a huge threat to your working capital. If you make a good trade – don’t let the adrenaline rush send you headlong into another attempt. Instead, analyse your trade – do you really understand why is went well for you ? If you do – great ! Use this knowledge towards the development of a controlled trading method. If you don’t understand why this trade was a good trade -heave a sigh of relief at your good luck – and recognise it as such.
There is a Chinese story of a farmer who used an old horse to till his fields. One day, the horse escaped into the hills and when the farmer’s neighbors sympathized with the old man over his bad luck, the farmer replied, “Bad luck? Good luck? Who knows?” A week later, the horse returned with a herd of horses from the hills and this time the neighbors congratulated the farmer on his good luck. His reply was, “Good luck? Bad luck? Who knows?”
I’ve just finnished reading a book of Richard Smitten “Jesse Livermore World’s Greatest Stock Trader”. Amazing read. For those who want to know how important psycholigal influence on trading, this is a book to read. I’d like to say a few things about greatest trader. He failed in the market when he started going to other women, he stopped being focused on the market, his 3-d wife (who brought him 2 beautiful boys Jesse Jr and Paul) Dorothy was his soul companion as later his son Jesse Jr will say. Jesse Livermore made 100 millions during October 1929 crash, at that time he was one of the richest men in the world, in 1932 his wife filed for divorce and took away their 2 boys from him, he was empty, depressed, sitting on his cash, understanding that he’s life is actually a failure(its why he later commited a suicide). Its when he started losing it all. No one knows his trades after 1932, but the majority were losses and then he finally filed bankruptsy. He still had 1 million untouchable fun for his kids and about 3 million dollars in cash(in his apartment in New York), his 4-th wife took it 3 million in cash in the bags out of house after he commited suicide( his son Paul tells about it). 