If you thought the responses on our politicians to serious problems was somewhat of a joke consider the case of Texas Governor Rick Perry. Texas is in the grip of a severe drought much like parts of Australia had been. His response is to call for a national three days of praying for rain. TO…Details
Step 1. How to deal with losses. Losing traders believe. Losses are a reflection of their self worth. For example if I originally had $10,000 in my trading account and that amount has degraded to $5,000 then as a losing trader I believe that my worth as a person has been halved. Losses…Details
To the shock of most sentient beings, Facts died Wednesday, April 18, after a long battle for relevancy with the 24-hour news cycle, blogs and the Internet. Though few expected Facts to pull out of its years-long downward spiral, the official cause of death was from injuries suffered last week when Florida Republican Rep. Allen West…Details
Trading is a profession that is founded upon being wrong but still being profitable despite this.
Time to make yourself smarter.
I always find it intriguing that fund managers have to go to such lengths to justify their stance on issues – the interesting point is most of it seems like after the fact rationalisation. This is an example of such long winded thinking, unfortunately it also contains that the use of rational economic thinking to…Details