I still remember when I started learning guitar, I struggle a lot. Unlike my friends, they pick up the skill in a such an easy way, they just need to do some google+ing and youtube+ing and bingo, they just know how to play.
Due to my persistent temperament, I have this die die must master it mentality, in the end, I spend hundreds of dollars to went for guitar courses, to discover what I don’t know, I don’t know.
Then, I realized in the process to master a skill, there is this four stages of learning/competence.
Wow, S&P 500 hitting 2,400! Then dow hitting over 21,000. Why this is happening you may ask and below article might give you some good insight what are those big players are thinking to buy this rally even the valuation is at record high.
I seldom talk about my own trading strategy and most of the time my article share about common strategy that other traders or market players that they apply.
Today I will be sharing with you, what kind of trading style and strategy that I used to help me generate average return of 10% every month
(the return just based on my past performance as past performance is not indication of future result).
If you asked who inspire me to go for full time trading. I will definitely say Rolf and Mortiz this duo full time traders.
They show me that full time trading is definitely possible and how to reach there. Today it is an honor for me to share one of the duo story, Moritz, his journey as a Full Time Profitable Trader.
Optimism about U.S. President Donald Trump’s pro-growth economic agenda has lifted U.S. equities to record high territory, with the Dow marking its ninth straight record close on Wednesday.
Overall, U.S. stocks are now up almost 15% since the election, boosted by Trump’s promises of tax reform, infrastructure spending and bank regulation.
The tremendously high valuations has led to some hedge funds to bet that , as enthusiasm over Trump’s policies is overdone and political risk in Europe isn’t priced in.
The level of shorts – a bet that a stock will fall – taken out against the jumped 13% in the 30 days to February 20.
In addition, the first seven weeks of this year have seen insiders selling 5.5-times as many shares as they bought, meaning that insiders are dumping shares at an aggressive pace.
This comes at a time when retail investors are jumping into the market looking to make some quick gains.
Trump has been credited with being a major catalyst behind Wall Street’s impressive rally since election day, with some dubbing it the “Trump Jump”, as investors welcomed his promises of tax reform, infrastructure spending and deregulation.
However, recent gains have led to speculation of a near-term reversal with some fund manager likening the current stock market euphoria to the dotcom bubble, which reached a peak on the last day of 1999 and then burst dramatically.
The question remains, who or what will be the cause of the reversal.
Credit to: Investing.com
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation passed by the Obama administration in 2010 as a response to the financial crisis of 2008. Named after sponsors U.S. Senator Christopher J. Dodd and U.S. Representative Barney Frank, the act’s numerous provisions, spelled out over roughly 2,300 pages, are being implemented over a period of several years and are intended to decrease various risks in the U.S. financial system. The act established a number of new government agencies tasked with overseeing various components of the act and by extension various aspects of the banking system. President Donald Trump has pledged to repeal Dodd-Frank.
So i stumbled this article today and I think is pretty interesting to share with my readers. I have been bearish since end of 2015 and it is quite insulting to see the market trade against my view, well, we are talking about Mr.Market don’t we.
Nevertheless, as a trader we need to know when we shouldn’t trade and obey to our rules. There are always opportunity for us to come back to reap a great profit rather take unnecessary risk.
Below is a good article where i share the same view with the author.
Learning by doing doesn’t really exist in trading and executing trades alone or randomly flipping through time-frames and staring at charts all day long will not make a difference either.
Luckily, there are a few very specific things that can help traders improve their skills rapidly and very targeted.