Archives of “Software” tag

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Trump lambastes Twitter, says it is doing nothing about the lies and propaganda from China

  
  Analysis
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Trump tweets out more criticism against Twitter

Twitter is doing nothing about all of the lies & propaganda being put out by China or the Radical Left Democrat Party. They have targeted Republicans, Conservatives & the President of the United States. Section 230 should be revoked by Congress. Until then, it will be regulated!

And so the drama continues to unfold. Once again, just be mindful of the situation here in case it creates further negative spillovers for tech stocks in general.

Maintain your Physical-Psychological Edge

  
Analysis, Education
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  • Trading is actually a physical game. Playing the “sport” of trading should be handled as if you are the quarterback of an American football team.
  • Rest: Being well-rested is an edge.
  • Diet: When one really concentrates, the body and brain use an inordinate amount of energy. Eating properly keeps your energy up and adds to that physical-psychological edge.
  • Exercise: Exercise gives us a physical boost that makes us feel more optimistic, and that counts as psychological capital.
  • The body counts essentially as much as your intellect. If the body is feeling the static of tired or drained, the feelings and emotions of risk-management and people reading can’t properly communicate their data.

Psychological Risk Management

  
Analysis, Education
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  • If you’re out of balance, you’re going to make bad decisions, and trading the market is a decision game
    • If you’re overtrading, you’re out of balance
    • If you’re overcommited, you’re out of balance.
    • If your dollar risk is too high, you’re out of balance.
    • If you’re hung over, you’re out of balance.
    • If you’re sick, you’re out of balance.
    • If you need the money, you’re out of balance.
    • If you make too much money, you’re out of balance.
    • You’ve got to take time off. You can’t trade every day.
  • Pay more attention when you account size gets bigger
    • I’ve noticed over the years that when my account has been small for whatever reason, I have been really careful with it. I watch it like a hawk. When my account gets rich, I tend to fall into a habit of neglect. I’m making money. I have profits, and I’m more comfortable. I don’t keep as close an eye on it. That’s very foolish.
  • Take profits out of your account
    • You should spend some profits rather than letting the money stay in your account indefinitely. That’s been important to me over the years. I withdraw money from time to time and take a vacation or buy a new car. From a behaviorist’s standpoint, it gives a sense of reward. It provides conscious and subconscious motivation.

Chinese trade delegation en route to Washington to sign Phase One trade deal – Global Times

  
  Analysis
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Global Times with a tweet update on the matter

US China

The update reads:

The Chinese trade delegation led by Vice Premier Liu He has left Beijing en route to Washington DC to sign the phase one #tradedeal with US officials, a source told the Global Times on Monday. #tradetalks #tradewar

It looks like all is going according to plan and schedule – at least for now – with the deal expected to be signed off later in the week on 15 January.
As mentioned before, the details of the deal will be of particular importance so look towards that bit of information next as to how market participants will tie all of this to US-China trade sentiment in the bigger picture.
So far, markets are keeping more steady in the run up to the trade deal signing with risk faring rather decently today. USD/JPY is still keeping at fresh seven-month highs around 109.90 while gold is down by 0.7% around $1,550 at the moment.

The ECB adds to the growing list of central banks to have cut rates this year

  
  Analysis
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Expect the list to grow longer towards the end of the year

Rates

We had three rate cuts yesterday and two new entrants (highlighted) to the list this year. Turkey continued with their Erdogan-style rate cuts but it was the ECB that stole the spotlight as it reduced its deposit facility rate by 10 bps.
Joining them is the Danish central bank as they cut their key rate by 10 bps as well – mirroring the ECB – and that takes the tally above to 38 rate cuts this year.
Expect the list to expand further as we’re nowhere near close to the bottom just yet.

Trump keeps up his attack on the Federal Reserve

  
  Analysis
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More of the same from the President

A couple tweets from Trump as Fed week gets underway:
The Fed “raised” way too early and way too much. Their quantitative tightening was another big mistake. While our Country is doing very well, the potential wealth creation that was missed, especially when measured against our debt, is staggering. We are competing with other…countries that know how to play the game against the U.S. That’s actually why the E.U. was formed….and for China, until now, the U.S. has been “easy pickens.” The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!
Think he will ease up after a cut? After two cuts? Or not until the Fed is back to zero and buying trillions of bonds?

ICYMI – Trump takes yet another dig at the Fed

  
  Analysis
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Trump doesn’t appear to be relenting his stance ahead of the FOMC meeting

The tweet read:

“We are doing great Economically as a Country, Number One, despite the Fed’s antiquated policy on rates and tightening. Much room to grow!”

With markets already all but certain about a 25 bps rate cut at the end of this month and Powell reaffirming those expectations, it sure sounds like he wants more rate cuts to follow later in the year despite claims of the economy doing “great”.
The issue here is that Trump wants to pursue a currency war now and that is not what the Fed is looking to do. If the Fed is just throwing around rate cuts on the back of some slight worries in the economic data, they won’t have very much ammunition left to deal with a proper economic downturn when the time does come.

Trump voices displeasure over Iran breaching uranium stockpile limit

  
Analysis, Politics
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More sanctions to follow?

US Iran

Trump tweets:

Iran was violating the 150 Billion Dollar (plus 1.8 Billion Dollar in CASH) Nuclear Deal with the United States, and others who paid NOTHING, long before I became President – and they have now breached their stockpile limit. Not good!

This comes after the International Atomic Energy Agency confirmed overnight that Iran has now exceeded its supposedly agreed stockpile limit of low-enriched uranium, which breaches one of the key points in the 2015 nuclear deal.
Even so, reports say that Iran is still a long way off from being able to produce a bomb but when you see Trump tweet something like this, it’s never too long before something happens again amid escalating tensions between the two countries.

Intrusion Kills

  
Education, Life
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Facebook’s CEO Mark Zuckerberg:

“I want to stress the importance of being young and technical. Young people are just smarter. Why are most chess masters under 30? I don’t know. Young people just have simpler lives. We may not own a car. We may not have family. Simplicity in life allows you to focus on what’s important.”

Of course, family, and other aspects of life are important, but that doesn’t take away from Zuckerberg’s wisdom. Want to make something big happen, like trend following success, then avoid distraction. Period.

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