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US President Trump expected to delay auto tariff decision for 6 more months

  
Analysis, Politics
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US political reporting website Politico with the info

  • Trump is expected to announce this week
  • putting off a decision on whether to impose tariffs on European Union autos for another six months
Poltico cite “a person familiar with the decision”
Link for more
And … bear this in mind:
  • The person with familiar the decision cautioned there is always uncertainty surrounding Trump’s final determination when it comes to trades and tariffs. But barring some unforeseen development, the president is expected to announce another six-month delay, the person said.

China exploring ways to loosen or remove car-purchase limits

  
Analysis, Economy
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China has begun to roll out a series of guidelines to encourage consumption, led by a boost for the auto market.

  • exploring ways to gradually loosen or remove car-purchase limits
  • to support new-energy vehicle purchases in some areas
  • incentives to build more gas stations in rural areas
  • removing investment barriers on fuel wholesale and storage businesses
The State Council made the announcement late Tuesday.
China has begun to roll out a series of guidelines to encourage consumption, led by a boost for the auto market.

10 Things We Can Learn From Japan

  
Education, Life
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1. THE CALM Not a single visual of chest-beating or wild grief. Sorrow itself has been elevated.

2. THE DIGNITY Disciplined queues for water and groceries. Not a rough word or a crude gesture.

3. THE ABILITY The incredible architects, for instance. Buildings swayed but didn’t fall

4. THE GRACE People bought only what they needed for the present, so everybody could get something.

5. THE ORDER No looting in shops. No honking and no overtaking on the roads. Just understanding.

6. THE SACRIFICE Fifty workers stayed back to pump sea water in the N-reactors. How will they ever be repaid?

7. THE TENDERNESS Restaurants cut prices. An unguarded ATM is left alone. The strong cared for the weak.

8. THE TRAINING The old and the children, everyone knew exactly what to do. And they did just that.

9. THE MEDIA They showed magnificent restraint in the bulletins. No silly reporters. Only calm reportage.

10. THE CONSCIENCE When the power went off in a store, people put things back on the shelves and left quietly.

What makes a trader consistently profitable?

  
Analysis, Education
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There are three things:
 
1) Having an edge, which is some methodology for determining with reasonable accuracy the relative probability of the market price hitting your profit target before it hits your stop loss price.  An edge is provided by a set of trading strategies, and a set of rules for when to use which trading strategies (briefly, when to follow a trend, when to fade a trend, and when to stay out.)
 
2) The discipline and emotional fortitude to follow the rules of your trading rules flawlessly.
 
3) Sound risk and money management rules.  
 
Sound money management and risk control are the keys to being a profitable trader. It is not the prediction or the latest and greatest indicator that makes the profit in trading, it is how you apply sound trading discipline with superior cash management and risk control that makes the difference between success and failure.  (more…)

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