Reserve Bank of India is the best

Marc Faber in an interview with Bloomberg says that the Reserve Bank of India is probably the best central bank in the world. You can watch the interview here (in the first part)

Mr Faber also predicts the collapse of capitalism. I assume, that India will also be affected, but much less, thanks to superior policy making by the RBI.

OPTIMISTIC PESSIMISM

The CrossHair Trader blog says:

“No matter how good your analysis, no matter how perfect your set-up or pattern may be, no matter how many others may agree with your analysis, and no matter how many wins in a row you have had, once you enter a trade anything can happen. In fact, you should be surprised every time you make money!”

Ed Seykota Quotes : Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

To avoid whipsaw losses, stop trading. Risk no more than you can afford to lose and also risk enough so that a win is meaningful. Trend following is an exercise in observing and responding to the ever-present moment of now.

Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them. Until you master the basic literature and spend some time with successful traders, you might consider confining your trading to the supermarket.

I don’t predict a non-existing future.It can be very expensive to try to convince the markets you are right.