WeWork’s attempt at a tech multiple intrinsic valuation exposed a frailty of the tech IPO market that is not shared in all sectors of tech capital raising exercises (looking at you Bitcoin!)
President Xi’s blockchain comments push Bitcoin price higher Bitcoin was up over the weekend, increasing its market cap by AUD 55 billion on comments from
In the retail market, Trading Professionals are not easy to find.
Having worked in trading for many years, and with an understanding of the Wholesale/Institutional space, it is obvious to me which ‘experts’ should be overlooked immediately.
What is core to trader’s success?
A desire to be humble and submit to the markets. No one can outsmart markets, nor do they always make money. But if
you know when to take your profits and remain calm during times when positions
go against you, you will gain experience of how to wear losses and this makes
the profits even sweeter.
From time to time I am reminded of a quote from my former Head of Trading at Goldman Sachs, who told me that if you’re going to trade international markets, then you’d better get out there and understand what they are about, i.e. travel to those destinations you’re trading in and meet people face to face to harness a more granular appreciation of what makes that market tick.