Buffett to make $2 billion on crisis-era investment in Goldman Sachs

Once again Warren Buffett has shown us why he ranks among the best investors in history.

http://blogs.marketwatch.com/thetell/2013/09/30/buffett-to-make-2-billion-on-crisis-era-investment-in-goldman-sachs/

QUANTS: Meet The Math Geniuses Running Wall Street

Forget Gordon Gekko. Old-style City traders are being replaced by maths geniuses who use super-computers to beat the markets. But are 'quants’ a force for good or evil?

Read more:
http://www.businessinsider.com/quants-meet-the-math-geniuses-running-wall-street-2013-7

There's A Sect Of Successful Traders Who Couldn't Care Less What Bernanke Says, Or About News At All

Naturally, when markets go up or down, people look for cause and effect.  We went up because of X, or we went down because of Y.  The market liked this or it did not like that.

But in many cases (and I would argue, in most cases), PRICE is the cause.  More transactions occur because the price changed than because the news changed.  We can rationalize and reason and assess all we want.  When we actually push buy or sell, we care most about PRICE.  Because whatever our reasoning, at the end of the day, month, or year, the only reason we are successful is because of PRICE.  Not because of the reasoning.  Not because of the news.  Not because of Ben Bernanke, or Mario Draghi, or Shinzo Abe.  Because of PRICE.

That’s why there are successful traders who don’t even pay attention to the news.  They don’t care about the why of PRICE.  They only care about PRICE.  And they react accordingly.



Read more:
http://www.businessinsider.com/only-price-matters-in-trading-2013-6

How Marc Rich Got Insanely Rich, Broke The Law, And Lived A Life In Exile

Controversial billionaire commodities trader Marc Rich has passed away today at the age of 78 at a hospital near his home in Switzerland.

Rich   who fled the U.S. in 1983 before being indicted for wire fraud and tax evasion — pioneered the spot oil market, amassing a fortune by evading international rules and embargoes.

Read more:

http://www.businessinsider.com/biography-marc-rich-2013-6

9 Surprising Things Legendary Trader Jesse Livermore Said About Timing

 There are those who would convince you that it is somehow smart or in your best interest to be manically switching your investments around, back and forth, long and short, on a daily basis. To pay attention to this kind of overstimulation is the height of madness, even for professional traders.


Read more: 

http://www.businessinsider.com/jesse-livermore-quotes-about-patients-2013-8

How Traders Use Fibonacci Numbers To Play The Market

A technician has many many tools. But what a lot of people fail to realize is that all of these are just a supplement to the most important thing we have, which is price.

Read more: 

http://www.businessinsider.com/how-traders-use-fibonacci-numbers-2013-9

28 Awesome Home Trading Desks From All Around The World

You might think of a trading desk as a trader's second home, but really it should be their first. It's where markets happen (and markets = life).

So the setup's got to be perfect. Traders can't miss a beat  everything they need to know needs to be a glance away.

Read more: http://www.businessinsider.com/trading-desk-photos-2013-9

New Stock Pick: POL

Here is a stock I am looking to buy.

Here are the reasons that I would buy this stock:

1. The stock is moving up in a slow steady uptrend.

2. The DreamTai Power Ranking is greater than 3, which indicates that there is more buying volume than selling volume.

I would be placing stop loss orders and have risk control  also so that if I am wrong, I would lose negligible amount. ( Less than 2 percent of my capital)

New Stock Pick: CLDX

 Here is a stock I am looking to buy.

Here are the reasons that I would buy this stock:

1. The stock is moving up in a slow steady uptrend.

2. The DreamTai Power Ranking is greater than 3, which indicates that there is more buying volume than selling volume.

I would be placing stop loss orders and have risk control  also so that if I am wrong, I would lose negligible amount. ( Less than 2 percent of my capital)

New Stock Pick: RPRX

Here is a stock I am looking to buy.

Here are the reasons that I would buy this stock:

1. The stock is moving up in a slow steady uptrend.

2. The DreamTai Power Ranking is greater than 3, which indicates that there is more buying volume than selling volume.

I would be placing stop loss orders and have risk control  also so that if I am wrong, I would lose negligible amount. ( Less than 2 percent of my capital)