Interesting facts related to super computing while we wait for Nvidia.
In the 1st decade of the turn of the century the net gain of jobs in the US was zero.
To visualize the impact of disruptive technology, In the 19th century 50% of workers were employed on farms. By the year 2000 the number was 2%. This is an isolated sector. AI comprises all sectors.
The amount of data stored on the worlds computers is now believed to be over 1,000 billion gigabytes. AI is accelerating the ability of robotics to use that data to actually form perpetually stronger learning and reaction by the computers themselves far in advance of the speed of humans.
Oxford University projects that almost half of global jobs are likely to be replaced in roughly 20 years. That equates to 60 million jobs in the United States.
Here is why the FED (and other CBs) are NOT done keeping rates higher for longer as inflation is not yet working its downward pressure enough on the economy (ref Okun’s Law / “sacrifice ratio”) and therefore on employee snotty attitude
Gen Z turning down high-paying jobs for workplaces with perks
A look at the day ahead in U.S. and global markets from Mike Dolan
Nvidia’s post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern, while U.S. Treasury markets appear to be absorbing the latest torrent of debt sales quite comfortably.
Morning Bid: As Nvidia awaited, Treasuries absorb new deluge
EURUSD 4 HOUR CHART – Is the high in or just a retracement?
EUR has been a weak link as can be seen on its crosses, especially EURGBP.
The failure to retest 1.12 puts the downside at risk but only if it stays below 1.1150. A break of 1.1098 would negate this latest leg up.
Retracement levels–
‘
Using 1.1098-1.1201, 61.8% = 1.1137 (vs 1.1135 low)
1.1120 = 76.8%
All eyes will be on Nvidia reporting after the close.
NEW YORK, Aug 27 (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s (NVDA.O), opens new tab upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker.
Nvidia results could spur record $300 billion swing in shares, options show
USDX 4 HOUR CHART – Head Fake
A bit of a head fake after yesterday’s weaker USD close that has so far failed to follow through.
Using USDX as a proxy for the EURUSD (57.6% of the index), the bounce off the 100.55 double bottom would need to get through 100.94 to suggest a pause and then through 101.57 to indicate the bottom is in place for now.
In EURUSD 1.1150 is the obvious bias setter.
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What is Risk Management in Trading – Forex Forum
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader.
We’ll also look at some common mistakes that traders make when it comes to managing their risks. After all, if you’re not managing risk appropriately, you’re just a gambler. So if you’re ready to learn more about risk management, read on!
What is Risk Management in Trading?
Risk management is the process of assessing, controlling, and managing risk within a trading portfolio. This involves defining trading goals and understanding potential losses that could occur as part of the trading process.
It also includes identifying potential risks, such as market volatility or sudden changes in the market, understanding how these risks can affect your profits, and taking steps to limit potential losses.
In general, risk management should be a priority for all traders. By properly managing your risks and using effective strategies, you can minimize potential losses and increase the chances of making successful trades.
Common Mistakes When Managing Risk in Trading
Unfortunately, many traders make mistakes when it comes to managing their risks. Here are some of the most common mistakes that traders make when it comes to risk management:
Not Setting a Trading Plan:
Many traders don’t have a detailed trading plan, which is a key component of risk management. Without a trading plan, traders are more likely to take risks that could have otherwise been avoided. It’s important to establish clear trading goals and a plan for how to reach those goals.
Not Understanding Risk:
Many traders fail to understand the risks associated with certain trades, which can lead to serious losses if they don’t take the time to research and understand the risks involved. It’s important to have a thorough understanding of the markets you’re trading in before taking any risks.
Not Taking Advantage of Stop Losses:
Stop losses are an essential component of risk management, as they help to limit potential losses in the event of a market downturn or sudden changes in the market. However, many traders don’t take advantage of stop losses and end up taking larger risks than necessary.
Over-Trading:
Over-trading is a common mistake made by many traders. This involves taking too many trades, which can lead to losses if the market turns against you. Look, all traders love the price action. It’s exciting to take a position and watch your P/L go up and down. But don’t become addicted to the price action for the sake of just having a position. It’s important to only take trades when the setup is right and avoid over trading.
Not Diversifying Risk:
Diversification is another important part of risk management. By diversifying your trades, you can spread out risk and limit potential losses if the market turns against you.
Why is Risk Management Important in Trading?
Risk management is a critical factor in success when trading in the markets. It involves understanding and controlling what could potentially impact your trades and actively analyzing scenarios that may occur.
Without proper risk management, traders are leaving themselves vulnerable to potential losses which could be catastrophic for their investments.
Good risk management also allows traders to effectively assess opportunities and make better decisions that take into account volatility or leading indicators of future market performance.
Simply put, risk management can provide peace of mind so traders can enjoy the highs of profitable investments while minimizing losses when markets start to dip.
What are Some Common Risk Management Strategies?
Common risk management strategies used by traders include setting stop-loss orders, limiting capital exposure, and diversifying investments to minimize volatility.
Another essential approach for traders is to set predetermined targets for both profits and losses to help stabilize your exposure. To further limit potential losses and maximize gains, traders should always be aware of economic news and other world events that might affect the market.
How to Implement Risk Management in your Trading Plan
Implementing effective risk management into your trading plan is incredibly important for successful and profitable trading. It can help you to control the amount of draws you take in any given trade, and it can also protect against large losses which could potentially wipe out your entire trading account.
A good risk management plan should include determining the amount of capital at risk on each trade, setting predetermined stop-losses to limit downside exposure, and having a strict, disciplined approach towards minimizing losses:
never increasing position size
never risking more than you are comfortable with, and always controlling potential risk-reward ratios.
Taking the time to set up a comprehensive yet flexible risk management plan will put you in a better position when it comes to positive returns in the long run.
Risk management is an important part of trading. It allows you to trade with less stress and more confidence. There are many different risk management strategies, so it is important to find one that fits your trading style.
Proper risk management can help you make money in the long run by preserving your capital and preventing you from making careless mistakes.
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