A good article on CNBC that has very useful thoughts for traders as well. The five key points:
1. ‘TRY ON’ A POSITIVE LENS
2. TAKE NOTE OF THE COMPANY YOU KEEP
3. TURN OFF THE NEWS
4. WRITE IN A JOURNAL FOR A FEW MINUTES EACH DAY
5. ACKNOWLEDGE WHAT YOU CAN — AND CANNOT — CONTROL
Obviously the turning off the news is not feasible for a trader, but acknowledging what we can and cannot control is vitally important.
Thursday, August 24, 2017
German car-makers are bid up
Merkel endorsement of diesel engines lifted BMW, DAI and VOW shares. DAI is the best performer today, but BMW technically looks a bit better. The big question is what surprises the cartel scandal still has to offer. On the other hand, I'm sure that German politics would do everything to protect the battered industry, and we should not underestimate the power of that.
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