india Archives - Page 24 of 28 - Financial Occultist

On Friday closed at 5037

Above 5031 level…..Bull’s will have upperhand.Two Consecutive close above this level will take to 5117-5145 level.

-Suppose not crosses High of 5064 & remains below 5046 will take to 4992-4974 level.

-Thirsty Indian Traders ,Just watch 4992-4974 level very closely.

If breaks and closes below 4974 ,then I see panic upto 4920-4902 level.

-So watch :4974 & 5031 level very carefully.

Updated at 21:24/30th May/Baroda

US Housing Market Was Artificially Inflated By 14% In 2007-2010 NAR Reports

04-Jan-19 07:40 am

Anirudh Sethi

Just the headlines for now:

EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010
EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN

Thank you NAR for proving what everyone knew: that the US housing market is one big lie. And next: here come the historical GDP revisions.

India is not a place for investors, but it’s a fabulous country for tourists-Jim Rogers

04-Jan-19 06:53 am

Anirudh Sethi

Rogers is not as optimistic on the other Asian giant, India. He believes the country needs to open up its retail market and make its currency convertible. He argues that politicians need to address the nation’s problems now instead of pushing them into the future:

“India has a horrible economic system. Indian politicians are of course now talking the right concepts and are trying to implement them, but a lot goes wrong when they are put into practice and run up against the country’s thoroughly anti-capitalist bureaucracy.”

WHY traders really lose money

04-Jan-19 05:52 am

Education

Anirudh Sethi

BUY-SELL-PANIC Let us now talk a bit about the reasons WHY traders really lose money. Since I was able to talk to many traders from different corners of India, I can honestly say that majority of them show the same reasons to the trading failure.

THE MOST FREQUENT REASONS ARE:

1. No quality trading education and know-how;
2. Poor, or nonexisting, trading plan;
3. Lack of trading discipline;
4. Underestimating the importance of money management;
5. Trading on inner “impulses” or “inspirations”;
6. Trading with the money that one cannot afford to lose;
7. Knowing a little, or nothing, about the psychology of trading.

Jim Rogers :15-20% Correction on card

04-Jan-19 05:05 am

Anirudh Sethi

“Any market that goes up this much, this fast, this steadily without a correction – it’s not normal. When that sort of thing happens, the market could be setting itself up for a 15-20%”