Make sure you approach each day with clearly defined goals for improvement. Trade. Assess your performance. Find the lessons. And feed that back into your goals for the next day …
Author: Mantas
→Risk | Forex | Psychology
-
Trading is primarily a behavioral exercise; understand your behavior and your more likely to be a successful trader.
It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change …
There is competition for resources out there, there is competition for attention, if you want to do something new you need to innovate …
Noticing a problem is necessary to solving it, but this is not sufficient. We need to look closely at what is actually happening and address the factors that are causing or triggering the problem. Some of the hardest lessons repeat themselves over and over again, and it’s up to us to be reflective enough to witness them happening in the moment — so that this time around, a different decision can be made. We’ve all been there, we place a trade and …
US stocks suffered their worst falls in more than six years on Monday in a sell-off sparked by concerns of higher interest rates. Via BBC News (06 Feb.) The Dow Jones Industrial Average index tumbled 1,175 points, or 4.6% to close down at 24,345.75. Investors are reacting to changes in the outlook for the American and global economy, and what that might mean for the cost of borrowing.
For machine learning newbies who are eager to understand the basic of machine learning, here is a quick tour on the top 10 machine learning algorithms used by data scientists. Read the full article here You will learn about: Linear Regression Logistic Regression Linear Discriminant Analysis Classification and Regression Trees Naive Bayes K-Nearest Neighbors Learning Vector Quantization Support Vector Machines Bagging and Random Forest Boosting and AdaBoost
The biggest global equity selloff in two years continued to pick up momentum as US stock futures kept falling and exchanges across Asia posted losses. The equity downturn came as the yield on the benchmark 10-year Treasury hit a four-year high. Bloomberg (05 Feb.) Reuters (05 Feb.)
China will block all websites, foreign and domestic, providing information related to cyrptocurrency trading and initial coin offerings in an effort to completely shut down the cryptocurrency market, according to a report by Financial News, a publication associated with the People’s Bank of China. When China banned cryptocurrency trading and ICOs in September, some investors simply shifted to offshore platforms. South China Morning Post (Hong Kong) (05 Feb.)
For most of the past 70 years, the federal deficit has been strongly counter-cyclical. That means when the economy goes down, deficits go up. After all, in bad economies, tax revenue falls as people and corporations make less money. Government spending also usually rises. Some of this bump in spending happens automatically as people become poorer and qualify for government services (unemployment benefits, food stamps); some of it comes from deliberate, one-off stimulus measures. …
“Most shoplifters are in fact otherwise law-abiding citizens. They would chase behind you to return the $20 bill you dropped, because you’re a person and you would miss that $20.” A robot cashier, though, changes the equation: It “gives the false impression of anonymity,” Staib says. “This apparently empowers people to shoplift.” https://www.theatlantic.com/magazine/archive/2018/03/stealing-from-self-checkout/550940/
Annie Duke’s new book is, “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts.” She has taken her poker expertise and graduate level degree of psychology and digested it into a book we all can relate to our lives. She is a poker player, author, decision making expert, and cognitive scientist. Her understanding of how luck, skill and uncertainty all play a role in life is fascinating. (read more…)