“Scaling out of a position ensures at least partial profits if move continues while mitigating profitsurrender if mkt reverses”
“You don’t have to get into or out of a position all at once.”
“Traders who are successful over the long run adapt” [O’Shea]
“Traders who fail may have great rules that work, but then stop working.” [O’Shea]
“What we call intuition is the objective synthesis of information based on past experience, unhindered by emotional distortions”
“The trick is to differentiate between what you want to happen and what you know will happen.”
“Whenever you try to get all your losses back at once, you are most often doomed to fail.” [Schwartz]
“Impulsive trades can be dangerous. Trades cited as their most painful by the Market Wizards were usually impulsive ones”
“The market will seldom reward the carelessness of trades born of desperation.”
“The markets are an expensive place to look for excitement.”
“I don’t trade for excitement; I trade to win.” [Hite]
According to the source, Daesh terrorists issued a brief statement in which they reported the death of their leader Abu Bakr al-Baghdadi, as well as the name of the “new Caliph.”
On June 16, the Russian Defense Ministry said al-Baghdadi was likely eliminated as a result of a Russian Aerospace Forces strike on a militant command post in the southern suburb of the city of Raqqa in late May. It noted that it was in the process of confirming the information through various channels.
On June 23, US Operation Inherent Resolve Col. Ryan Dillon said that the US has no conclusive evidence to believe that Baghdadi was killed in Russian airstrikes. However, the US “certainly would welcome the death of al-Baghdadi, but we do not have any definitive proof to lead us believe that this is accurate,” he added.
On June 29, Russian lawmaker Alexei Pushkov told Sputnik that the information of the Russian side the probability of al-Baghdadi’s death is about 100 percent. The lawmaker noted that information received from different sources indicated that there was a power struggle within Daesh for its top position, which serves as signal that al-Baghdadi is dead.
Al-Baghdadi appeared in the media for the first time in 2014 when he declared the creation of a caliphate in the Middle East. Since then, the media have reported several times about the death of the Daesh leader, though the information has never been confirmed.
International Energy Agency out with a report 11 July
- 2.2% of global GDP
- 2nd consecutive year of decline
- investments in electricity surpassed those in oil and gas for the first time ever in 2016
- oil and gas investment to rebound modestly by 3% in 2017 on US shale
- China was leading global destination for energy investments in 2016
Says Dr Fatih Birol, the IEA’s Executive Director:
“As the oil and gas industry refocuses on shorter-cycle projects, the need for policymakers to keep an eye on the long-term adequacy of supply is more important. Even with ambitious climate-mitigation goals, current investment activity in oil and gas will have to rise from its current slump.”
“The good news is that in spite of low energy prices, energy efficiency spending is rising thanks to strong government policies in key markets.”
Full report here
China has a peculiar habit of taking the latest and greatest financial innovation available, and then taking it too far. The latest example is the startup Sharing E Umbrella, which hoping to follow in the footsteps of successful bike-sharing startups, decided to – as the name implies – provide shareable imbrellas. There was just one problem: as the Shanghaiist writes only a few weeks after starting up operations in 11 cities across China, Sharing E Umbrella announced that it had lost almost all of its 300,000 umbrellas.
While the details are probably superfluous at this point, it all started with a 10 million yuan investment – arguably by a rich, if not too intelligent investor – into the Shenzhen-based company. The concept, at least in theory, was to create a “sharing” ecosystem similar to those that bike-sharing startups have used to great success. Customers use an app on their smartphone to pay a 19 yuan deposit fee for an umbrella, which costs just 50 jiao for every half hour of use. The South China Morning Post reported that company CEO Zhao Shuping said that the idea came to him after watching bike-sharing schemes take off across China, making him realize that “everything on the street can now be shared.”
John Williams is head of the San Francisco Federal Reserve branch.
- Says it is reasonable to expect one more rate hike from the Federal Reserve this year
- And adds that his own view is to begin adjustment of the balance sheet in the next few months
S&P ends up 0.09% . Nasdaq climbs 0.38%. The Dow was down -0.03%
- The S&P is ending up 2.25 points or 0.10% at 2427.43. The high reached 2432.00. The low 2422.27
- The Nasdaq is ending up 23.316 points or 0.38% to 6176.3982. The high reached 6191.27. The low 6141.82