A new collection of pictures from blind photographers around the world suggests that blindness is itself a kind of seeing.
Want to quit your job to day trade? It’s feasible, but go through these steps, and know what to expect, before you quit your day job.
In 2005, fresh out of university, I saw a job posting from a day trading firm. With a fascination for the markets, I applied. Three interviews later I was given the opportunity to attend training. Most people that applied didn’t make it to training, and about 90% of those…
The post Quit Your Job to Day Trade? Steps and Expectations appeared first on Vantage Point Trading.
In today’s video, I recorded a live trade in the E-Mini S&P 500 futures contract that resulted in a gain of $300 trading just two contracts (was up $200 from earlier this morning). The market was bearish and pulled back to at/near its 50% of the day and in confluence with several other key price levels setting up a high probability and low risk short trade. I hope this helps and have a great day!
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In today’s video, I recorded a live trade in the E-Mini S&P 500 futures contract that resulted in a gain of $300 trading just two contracts (was up $200 from earlier this morning). The market was bearish and pulled back to at/near its 50% of the day and in confluence with several other key price levels setting up a high probability and low risk short trade. I hope this helps and have a great day!
SHOW MORE
On today’s video I was able to record two LIVE trades in the E-Mini S&P 500 (ESZ16) futures market that resulted in profitable trades. Hope this video helps you in your trading and have a fantastic day!
On today’s video I was able to record two LIVE trades in the E-Mini S&P 500 (ESZ16) futures market that resulted in profitable trades. Hope this video helps you in your trading and have a fantastic day!
At the start of the year, sentiment in China’s equity market was poor at best, but the worst fears of many investors about its economy haven’t materialized. I’ve invited my colleague Eddie Chow, senior executive vice president and managing director, Templeton Emerging Markets Group, to provide an update on China’s market and economy as it stands today. He outlines what has changed over the past few months, and the risks and opportunities we see in China—including a key stock-trading connection that could lure more foreign investors to the mainland market. Eddie Chow Senior Executive Vice President Managing Director Templeton Emerging Markets Group China’s market, as represented by the MSCI China Index, has recovered from its lows in mid-late February and is now positive year-to-date through September 20.1 The recovery in Chinese equities is more obvious in the overseas market, mainly stocks listed in Hong Kong (H shares) and those listed in the United States as American Depository Receipts (ADRs). The domestic A-share market in China—local Chinese companies denominated in renminbi and traded primarily between local investors on the Shanghai or Shenzhen stock exchanges—remain relatively weak. At the beginning of the year, there were fears that as the US interest-rate cycle started to turn upward, capital outflows would lead China’s currency to depreciate significantly and would further tighten the liquidity of its already-fragile credit system. Many investors were also uneasy about the government’s inconsistency in its various economic policies, such as hard commitments on achieving 6.5% gross domestic product (GDP) growth, not allowing the currency to depreciate, and structural adjustments like capacity closure/deleveraging. Over the past few months, market sentiment has improved for a few reasons. The Federal Reserve (Fed) has been less inclined to raise interest rates so far this year than had been feared, and the Chinese government has effectively slowed capital outflow and introduced more pragmatic economic policies. It is no longer as staunchly committed to reaching its target of 6.5% GDP growth, it has allowed its currency to embark on a mild weakening trend and has taken more concrete actions to cut capacity in the steel and mining industry. China’s macroeconomic numbers remain weak in general, but there are signs in the August reports that China’s growth slowdown has begun to stabilize. Fears of a credit blow-up have also subsided as the government introduced nonperforming loan (NPL)-backed asset-backed securities (ABS) for banks to dispose of NPLs, and at the same time, tightened up regulations on banks’ activities in wealth management products. The A-share markets in Shanghai and Shenzhen are dominated by retail investors, and I believe many lost confidence last year when the market sharply declined. It takes time for sentiment to recover. Hong Kong’s market is dominated by institutional investors, and in the sell-off at the beginning of this year, the market was overpenalized with valuations reaching levels much lower than those of the Shanghai and Shenzhen domestic markets. As fears subsided, the recovery was therefore stronger in Hong Kong’s market. Liquidity is also much better in the market for H shares, and as some developed economies turned to negative interest-rate policies, liquidity stayed relatively tight in the A-share market, driven by capital outflows. Banking Vulnerability Some reports this year have stated that China’s banking system is vulnerable and at risk due to a reliance on interbank lending. In my view, the level of risk from lending-borrowing activities between large banks and smaller banks in China is not very high. As in many other markets, big banks enjoy scale advantage and would generally be stronger in their deposit franchise. It is generally more cost-effective for smaller banks to borrow from big banks in the interbank market. This would be unlikely to develop into a systemic risk if everyone follows the regulatory requirements and truly reflects the risks of their activities on their balance sheets. From my perspective, the real issue is that some mid-size and small banks may be hiding their loans to high-risk customers through swap arrangements with other banks. Such arrangements are shown on their balance sheets as lower-risk financial assets held under repurchase or resale agreements with other banks. The purpose is to make those high-risk loans consume less capital so the banks can do more business (or in other words, assume more risks) without the need to put up more capital. That situation can become a systemic risk. In the event of a wide-scale default among those high-risk customers, we would expect some degree of a credit crunch in the banking system, and other healthy borrowers would also likely be affected. A New Stock Connection The recent approval of the Shenzhen-Hong Kong Stock Connect program facilitates foreign and domestic trading between China’s local market and Hong Kong—and to us, this means China’s A-share market is further opened up. As they have with Shanghai-listed shares, foreign investors will be able buy Shenzhen-listed stocks directly. This greatly expands the number of stocks available to foreign investors and there are also more private companies in Shenzhen than in Shanghai, which we view as positive. For China’s domestic A-share market, higher participation from foreign investors, especially institutional investors, is a positive development as it may potentially provide greater breadth in the near term and, longer term, can help drive the push for better corporate governance, a better regulatory framework and stricter enforcement. Monetary Policy Action—or Inaction The Chinese government has refrained from introducing stronger monetary measures at this stage, acknowledging that monetary policy is not the most effective tool to support the economy. Economists have pointed out that the contribution of credit to GDP growth has been rapidly declining. Much of the credits created are taken up by inefficient state-owned-enterprises in the legacy, old-economy industrial sector. In addition, the government would like to control an already-high debt situation. There are certainly some sectors that may benefit from government’s focus on boosting certain infrastructure projects. For example, the government has planned to have more city rail systems. From an investment standpoint, this would be good news for some of the rail-system manufacturers. Meanwhile the US Fed seems to be on a tightening course,...
Investment Adventures in Emerging Markets - Notes from Mark Mobius
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 15 global emerging markets offices and manages emerging markets portfolios. As he spans the globe in search of investment opportunities, his “Investment Adventures in Emerging Markets” blog gives readers a taste for what he does, when, where, why and how. Dr. Mobius has written several books, including “Trading with China,” “The Investor’s Guide to Emerging Markets,” “Mobius on Emerging Markets,” “Passport to Profits,” “Equities—An Introduction to the Core Concepts,” “Mutual Funds—An Introduction to the Core Concepts,” ”The Little Book of Emerging Markets,” and “Mark Mobius: An Illustrated Biography."
At the start of the year, sentiment in China’s equity market was poor at best, but the worst fears of many investors about its economy haven’t materialized. I’ve invited my colleague Eddie Chow, senior executive vice president and managing director, Templeton Emerging Markets Group, to provide an update on China’s market and economy as it stands today. He outlines what has changed over the past few months, and the risks and opportunities we see in China—including a key stock-trading connection that could lure more foreign investors to the mainland market. Eddie Chow Senior Executive Vice President Managing Director Templeton Emerging Markets Group China’s market, as represented by the MSCI China Index, has recovered from its lows in mid-late February and is now positive year-to-date through September 20.1 The recovery in Chinese equities is more obvious in the overseas market, mainly stocks listed in Hong Kong (H shares) and those listed in the United States as American Depository Receipts (ADRs). The domestic A-share market in China—local Chinese companies denominated in renminbi and traded primarily between local investors on the Shanghai or Shenzhen stock exchanges—remain relatively weak. At the beginning of the year, there were fears that as the US interest-rate cycle started to turn upward, capital outflows would lead China’s currency to depreciate significantly and would further tighten the liquidity of its already-fragile credit system. Many investors were also uneasy about the government’s inconsistency in its various economic policies, such as hard commitments on achieving 6.5% gross domestic product (GDP) growth, not allowing the currency to depreciate, and structural adjustments like capacity closure/deleveraging. Over the past few months, market sentiment has improved for a few reasons. The Federal Reserve (Fed) has been less inclined to raise interest rates so far this year than had been feared, and the Chinese government has effectively slowed capital outflow and introduced more pragmatic economic policies. It is no longer as staunchly committed to reaching its target of 6.5% GDP growth, it has allowed its currency to embark on a mild weakening trend and has taken more concrete actions to cut capacity in the steel and mining industry. China’s macroeconomic numbers remain weak in general, but there are signs in the August reports that China’s growth slowdown has begun to stabilize. Fears of a credit blow-up have also subsided as the government introduced nonperforming loan (NPL)-backed asset-backed securities (ABS) for banks to dispose of NPLs, and at the same time, tightened up regulations on banks’ activities in wealth management products. The A-share markets in Shanghai and Shenzhen are dominated by retail investors, and I believe many lost confidence last year when the market sharply declined. It takes time for sentiment to recover. Hong Kong’s market is dominated by institutional investors, and in the sell-off at the beginning of this year, the market was overpenalized with valuations reaching levels much lower than those of the Shanghai and Shenzhen domestic markets. As fears subsided, the recovery was therefore stronger in Hong Kong’s market. Liquidity is also much better in the market for H shares, and as some developed economies turned to negative interest-rate policies, liquidity stayed relatively tight in the A-share market, driven by capital outflows. Banking Vulnerability Some reports this year have stated that China’s banking system is vulnerable and at risk due to a reliance on interbank lending. In my view, the level of risk from lending-borrowing activities between large banks and smaller banks in China is not very high. As in many other markets, big banks enjoy scale advantage and would generally be stronger in their deposit franchise. It is generally more cost-effective for smaller banks to borrow from big banks in the interbank market. This would be unlikely to develop into a systemic risk if everyone follows the regulatory requirements and truly reflects the risks of their activities on their balance sheets. From my perspective, the real issue is that some mid-size and small banks may be hiding their loans to high-risk customers through swap arrangements with other banks. Such arrangements are shown on their balance sheets as lower-risk financial assets held under repurchase or resale agreements with other banks. The purpose is to make those high-risk loans consume less capital so the banks can do more business (or in other words, assume more risks) without the need to put up more capital. That situation can become a systemic risk. In the event of a wide-scale default among those high-risk customers, we would expect some degree of a credit crunch in the banking system, and other healthy borrowers would also likely be affected. A New Stock Connection The recent approval of the Shenzhen-Hong Kong Stock Connect program facilitates foreign and domestic trading between China’s local market and Hong Kong—and to us, this means China’s A-share market is further opened up. As they have with Shanghai-listed shares, foreign investors will be able buy Shenzhen-listed stocks directly. This greatly expands the number of stocks available to foreign investors and there are also more private companies in Shenzhen than in Shanghai, which we view as positive. For China’s domestic A-share market, higher participation from foreign investors, especially institutional investors, is a positive development as it may potentially provide greater breadth in the near term and, longer term, can help drive the push for better corporate governance, a better regulatory framework and stricter enforcement. Monetary Policy Action—or Inaction The Chinese government has refrained from introducing stronger monetary measures at this stage, acknowledging that monetary policy is not the most effective tool to support the economy. Economists have pointed out that the contribution of credit to GDP growth has been rapidly declining. Much of the credits created are taken up by inefficient state-owned-enterprises in the legacy, old-economy industrial sector. In addition, the government would like to control an already-high debt situation. There are certainly some sectors that may benefit from government’s focus on boosting certain infrastructure projects. For example, the government has planned to have more city rail systems. From an investment standpoint, this would be good news for some of the rail-system manufacturers. Meanwhile the US Fed seems to be on a tightening course,...
Investment Adventures in Emerging Markets - Notes from Mark Mobius
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 15 global emerging markets offices and manages emerging markets portfolios. As he spans the globe in search of investment opportunities, his “Investment Adventures in Emerging Markets” blog gives readers a taste for what he does, when, where, why and how. Dr. Mobius has written several books, including “Trading with China,” “The Investor’s Guide to Emerging Markets,” “Mobius on Emerging Markets,” “Passport to Profits,” “Equities—An Introduction to the Core Concepts,” “Mutual Funds—An Introduction to the Core Concepts,” ”The Little Book of Emerging Markets,” and “Mark Mobius: An Illustrated Biography."
Todays Trading In The Bond Room
On today’s video you’ll see how I was able to buy only .50 up of the low (so far today) in the E-Mini S&P 500 (ESZ16) futures market. Have a great day and I hope the video helps.
Todays Trading In The Bond Room
On today’s video you’ll see how I was able to buy only .50 up of the low (so far today) in the E-Mini S&P 500 (ESZ16) futures market. Have a great day and I hope the video helps.
Dr. Corvin Codirla discusses the first step of his three-prong trading approach. Learn the truth about Warren Buffett’s trading success, how he does it, and how he does it consistently even though he has lots of losing trades just like everyone else.
In Do This To Get Consistent Profitable Trading Results, I talked about the three-pronged approach to building a strong trading foundation. This article digs deeper into the first prong of successful trading, which…
The post Three Principles For Successfully Investing in Forex appeared first on Vantage Point Trading.
On today’s video I have a couple LIVE E-Mini S&P 500 (ESZ16) futures trades for you to watch – I think you can learn a little something from the video that should help you in your own trading. Have a profitable day and I’ll be back with you tomorrow.
On today’s video I have a couple LIVE E-Mini S&P 500 (ESZ16) futures trades for you to watch – I think you can learn a little something from the video that should help you in your own trading. Have a profitable day and I’ll be back with you tomorrow.
Day trading stock picks almost guaranteed to move big each day during the week of September 27: $CDE $CHK $WLL $AG $CYH $GPRO $HL $AKS $CLF
I screen for day trading stocks with a recent history of volatility. That means these stocks are highly likely to move big each day for the next week.
A new list is published each Tuesday, before the Open, on VantagePointTrading.com.
What can you expect from these day trading stock…
The post Day Trading Stock Picks for Week of September 27 appeared first on Vantage Point Trading.
