“Many novice pedestrian traders focus on the next position. Consistently success traders focus on the process and care little about the outcome of the next trade. The distinction is enormous.”
–blogged Peter Brandt
Some stuff I am reading today morning:
Price hikes fuel discounts on petrol cars (FinancialExpress)
Indian Buffett goes shopping (BS)
Why Congress has decided to go for Jagan’s jugular (ToI)
Email, wiretaps link Gupta to Rajaratnam (Reuters)
Narasimha Rao:The man who reinvented India (The National)
Bracing for a Greek exit (DailyReckoning)
Happy people make terrible traders (PsyFi)
The Govt hiked petrol prices by Rs.7.50 Rs/Liter.
The markets reacted as usual by selling the news.The price action of the PSU refiners were:
And this on a day when the Nifty is up by 1.77% !!
No wonder the Indian Rupee is getting crushed