Nothing has changed at the top of the World Top Investor league since the first 4 are only doing the minimum trade a month they are required, and the Japanese Toru Ochi has entered now the top 10.
First let me say that I do not believe that no one can teach you how to trade. Someone can teach you a method but much of trading is you conquering your own psychological fears and doubts.
Taking a loss is a non event, it's part of the process. Taking a loss is just part of the process. What I did not like was not having respected my money management process in that particular trade.
Hanqui Guo- I have a trading plan and I adhere to it. This methodology has been extensively tested and I know what I am willing to lose. I use stop orders to limit my risk exposure and cut losses in fast moving markets
This week saw John Rodrigues leader of the Portuguese League go to the 5th place in the World rankings and the Japanese Toru Ochi enter the top 10.
This week started with an absolute bloodbath in Europe, with markets plunging with major losses and the euro currency getting crushed, in reaction to the news that the EU bailout plan might be headed for a referendum vote in Greece.
Politicians in Europe keep saying that a plan to fix de euro-zone is taking shape. How is this affecting participants of the WTI? No matter how politicians ''package'' the plan traders and investors know the risks won´t go away.
Last week was a good week for the markets with the Dow adding 500 points over 5 sessions. Dividend yields of the SP500 is now higher than the 10 year US Treasury bond, which apparently never happened before.
‘’What we are seeing in the markets right now is simple volatility related to the soap opera that has become the European crisis’’. Said John Rodrigues leader of the Portuguese League and 8th on the world ranking.
The week of September 16th was a quadruple witching, with stock futures, stock options, stock futures and stock index options all expiring.
The tensions are also visible on the social front with riots in London and spontaneous incidents of group violence in Chicago Cleveland Philadelphia New York Kansas City. Curfews have been imposed to under 18 in Philadelphia and Kansas City.
The Dow Jones and the SP500 close lower on the month of July and spiked in August below their June lows. These are important levels. In the currency markets the yen dropped the most since 2008
This week world markets have fallen back with nerves on edge over debt crisis in Europe
It was a dramatic 2 weeks for Helder Jorge Silva with a few bad trades in oil and US index, making him drop from first to third place in the world rankings. Paweł Olchawa from Poland is now confortably in the lead
The Greek government passed a no confidence vote and will try to negotiate a new deal with the eurozone and the IMF. US regulators are concerned about US money market funds which have investments in EU debt.
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