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Pres. Trump: He is thinking about decoupling from China

Pres. Trump on China

Pres. Trump speaking in a Labor Day news conference at the White House says
  • possibility of decoupling US economy from China
  • says it would not lead to monetary losses
  • WTO has become much better much nicer to US
  • Because of Biden, China shuttered 70,000 businesses
  • China faces decoupling or massive tariffs from US
  • US will prohibit federal contracts to companies that outsource to China
  • Dems don’t want to make a deal because they know it is good for the economy.
  • He would support prove into DeJoy/donations
  • We may have a vaccine before the election
  • We are doing equally as well on therapeutics
  • For me, the faster the better for a vaccine
  • The most important thing is saving lines

8 Rules For Traders

  1. Don’t Fight the Tape – the trend is your friend, go with Mo (Momentum that is)
  2. Beware of the Crowd at Extremes – psychology and liquidity are linked, relative relationships revert, valuation = long-term extremes in psychology, general crowd psychology impacts the markets
  3. Rely on Objective Indicators – indicators are not perfect but objectively give you consistency, use observable evidence not theoretical
  4. Be Disciplined – anchor exposure to facts not gut reaction
  5. Practice Risk Management – being right is very difficult…thus, making money needs risk management
  6. Remain Flexible – adapt to changes in data, the environment, and the markets
  7. Money Management Rules – be humble and flexible – be able to turn emotions upside down, let profits run and cut losses short, think in terms of risk including opportunity risk of missing a bull market, buy the rumor and sell the news
  8. Those Who Do Not Study History Are Condemned to Repeat Its Mistakes

You’ll notice that nothing is profound among the 8. You likely have heard some version of each of them before. But when the voices get loud and volatility picks up, it’s nice to have a reminder in what’s important and why we do what we do.

9 Rules For Traders

1. Don’t Fight the Tape – the trend is your friend, go with Mo (Momentum that is)

2. Don’t Fight the Fed – Fed policy influences interest rates and liquidity – money moves markets.

3. Beware of the Crowd at Extremes – psychology and liquidity are linked, relative relationships revert, valuation = long-term extremes in psychology, general crowd psychology impacts the markets

4. Rely on Objective Indicators – indicators are not perfect but objectively give you consistency, use observable evidence not theoretical

5. Be Disciplined – anchor exposure to facts not gut reaction

6. Practice Risk Management – being right is very difficult…thus, making money needs risk management

7. Remain Flexible – adapt to changes in data, the environment, and the markets

8. Money Management Rules – be humble and flexible – be able to turn emotions upside down, let profits run and cut losses short, think in terms of risk including opportunity risk of missing a bull market, buy the rumor and sell the news

9. Those Who Do Not Study History Are Condemned to Repeat Its Mistakes

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