Old traders, bold traders, but no old and bold traders (#560)
WorldWide Markets with Simon Brown · JustOneLap.com
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Show Notes
There are bold traders. here are old traders. There are no bold and old traders.Bold traders
What is a bold trader and why do they die out?
- Wild swings for the fence No position size management Stop loss for losers Enter outside of system and process
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Famous Brands (JSE code: FBR) trading update, Spur (JSE code: SUR) really has taken the mantel of best QSR/restaurant business on the JSE.
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Very strong US jobs and upward revisions from previous month. But wage inflation only 0.2%. So market was confused but ended happy. Tuesday also saw US 10-year yields moving lower which excited everybody. But I am sceptical, this is only one data point and I think the FOMC hikes at their 31 Oct/01 Nov FOMC meeting.
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Water crisis. This is going to hurt and it not going away any tine soon. Which businesses get hurt most?