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How to trade the UK election


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I wonder what Britain's cannabis policy will be with a big Conservative majority and we've kicked out all the foreigners and sold the NHS to Donald J. Trump ...

Do you think Priti 'Bring back hanging' Patel cares about those kids that need medical marijuana, let alone people who want to peacefully smoke in the privacy of their own home?  No chance :D

Edited by dmedin
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Just listened to the Jack Schwagger podcast.  Typical BS:

Stick to the rules and be disciplined!

Except when it stops working - then change the rules!

Know the market!  Limit your losses!  Analyse every trade - that will help prevent you losing!  But everyone loses throughout their career!  It's all about losing less frequently!  Blah blah blah ...

In other words, 'To hell with this ... I'm going to get rich by writing a book instead' :D:D:D

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14 hours ago, dmedin said:

Just listened to the Jack Schwagger podcast.  Typical BS:

Stick to the rules and be disciplined!

Except when it stops working - then change the rules!

Know the market!  Limit your losses!  Analyse every trade - that will help prevent you losing!  But everyone loses throughout their career!  It's all about losing less frequently!  Blah blah blah ...

In other words, 'To hell with this ... I'm going to get rich by writing a book instead' :D:D:D

the snag with your thesis is that he was a demonstrably successful trader before he started writing any books but money makes money don't you find? If you're successful at making money people will fall over themselves to hurl more at you, the least you can do is to write a book or 2 to justify some of it.

What you should have learnt instead of the blah blah blah above;

1/ stick to the rules of your verified system.

2/ market cycles change, if your system stops working stop using it.

3/ know the market, limit loses and keep score, it's amazing how many wannabe traders don't do this (and therefore always remain wannabe).

4/ losses are an automatic function of probability, get used to it but control it.

 

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Here we go - cracking down on the unions already!  https://www.bbc.co.uk/news/business-50856321

The party of the working class indeed.  Well, for the working class who know their 'rightful place' and doff their caps to their social superiors anyway ;)

Mind you, this could be good sign for going long on the likes of the Royal Mail in future, which has a strongly unionized labour force!

 

Edited by dmedin
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