Stock Preacher

Successful traders always have a plan and follow it.

Traders who fail do not have a specific plan, they enter and exit with out reason or they enter and then do not exit until losses are painful.

In short, the unsuccessful have no exit strategy, or if they do, they do not follow it

Successful traders wait until the trade comes to them, they do not force the trade. Rather they exercise discipline and ignore that temptation that always suggests: “let a loss run just a little more, it will come back.” The fact is that: the loss that runs just a little more often runs a lot more. Read more

Popularity: 2% [?]

A visiting Chinese business delegation sealed deals amounting to 2 billion U.S. dollars with British firms in London on Friday afternoon in a significant move to stave off protectionism in the wake of the global financial crisis. The agreement between Hainan Airlines Co. Ltd and Rolls-Royce Plc was the largest deal totaling 1.2 billion dollars.

Rolls-Royce is to provide 20 engines for the Airbus 330 of the Hong Kong fleet, in addition to a 15-year service support. The 11 procurement deals and agreements covered areas ranging from textile, metal services, airplane and automobile parts, pharmaceutical, new materials, eco-town building, and motion picture production.

Chen Deming, China’s commerce minister who led a 150-strong delegation of government officials and entrepreneurs, said at a China-UK business symposium on trade and economic cooperation that the trip is aimed at boosting bilateral business confidence amid the current economic downturn. According the Chen, trade between China and Britain dropped 2.6 percent in January this year, a clear sign of the global economic recession.

However, he believed that Chinese businesses would like to take advantage of the British strength in research and development, high technology, even retail and textile to find ways for collaboration. “This is just a beginning of our trade ties this year. A further group of Chinese businesses will come to Britain in a week’s time to explore trade and investment opportunities,” said the minister.

Popularity: 6% [?]

World trade flows are falling fast as the credit crisis bites and Crude Oil prices slide, with official figures showing export and import declines in the US, China, UK and Canada. The banking crisis hit consumer and business confidence last fall, leading to higher levels of unsold inventory, some problems in securing trade credit insurance and falling investment across advanced economies, all of which reduced the demand for imports and the level of exports.

Popularity: 7% [?]