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I already wrote about central bank credibility issues in an earlier post. The Fed is sending mixed messages and creating confusion to the point that the market has been ignoring Fed talk more and more. Others have this issue, with the “elephant in the room” being the Bank of Japan’s now-ridiculous 2% inflation target that it completely ignores. Here is why the Fed seems “a little confused.”
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Beginner traders and even many more experienced ones are often not sure “what to do” to improve. Most of the effort is in the eternal quest for “THE system” – something that will give them systematic profits month after month, without big drawdowns. In fact, there are several spheres to work on as a trader and even more generally, as a participant in financial markets. Here are the 3 “categories” to work on and the issues that people forget about in each one in a short post. Psychology impresses me a lot, because many people who COULD trade do not even TRY it, because they have limiting personal beliefs that it’s for others or for geniuses (trust me – it’s not the case at all!), and they don’t think it’s possible, even if they are bright and could fully understand everything. This never ceases to amaze me. Here are a few aspects to work on as a trader. What do you think? |
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December 2017
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