Oct 11, 2016

India : August IIP shrinks; stands at -0.7% versus -2.5% in July

The Index of Industrial Production (IIP) for the month of August contracted (-)0.7% versus (-)2.5% in July. The General Index for the month of August 2016 stands at 175.3, which is 0.7 percent lower as compared to the level in the month of August 2015. The cumulative growth for the period April-August 2016 over the corresponding period of the previous year stands at (-) 0.3 percent, said a Ministry of Statistics & Programme Implementation release.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August stand at 113.5, 184.3 and 194.6 respectively, with the corresponding growth rates of (-) 5.6%, (-) 0.3% and 0.1%. The cumulative growth in these three sectors during April-August 2016 over the corresponding period of 2015 has been 0.6%, (-) 1.2% and 5.7% respectively.

In terms of industries, seven out of the twenty two industry groups in the manufacturing sector have shown negative growth. “The industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highest negative growth of (-) 49.4 percent followed by (-) 22.4 percent in ‘Furniture; manufacturing n.e.c.’ and (-) 6.6 percent in ‘Wearing apparel; dressing and dyeing of fur’,” the release said. While Basic goods sector grew at 3.3%, capital goods contracted (-)22.2.%. Intermediate goods grew at 3.6%.

Posted on 11:24:00 AM | Categories:

The mind game of trading

The mind game of trading
The inner game of trading
Success in trading is more internal than external

Oct 9, 2016

Some Of The Most Successful Traders In The World And The Money They Made

Below are some of the great persons who proved that we can also make tremendous amount of money from trading and it's not that one can become wealthy from long-term investing only.
So, below are some of the most successful traders and the kind of money the made

Jesse Livermore (Considered by many to be the greatest stock market operator ever. Made 100 million dollars in 1929 stock market crash. Made several other multi-million dollar fortunes in his trading career).

Richard Dennis (Turned 400 dollars into a fortune of at least 200 million dollars by using his remarkable trading skills).

-Ed Seykota (One of the greatest traders of all time. Turned 5000 dollars into an incredible 15 million dollars or more).

-Paul Tudor Jones (An amazingly consistent and successful trader. In 2006, earned a whopping 750 million dollars).

Bernard Baruch (Fantastic trader who earned ten’s of millions of dollars in the first part of the 20th century).

- Michael Marcus (In a ten-year period, he multipled his company account by an incredible 2500 times).

-Bruce Kovner (One of the world’s largest traders in the 1980′s. Made profits of over 300 million trading for himself).

-Randy McKay (Turned $2000 into $70,000 his first year of trading. Went on to double digit million dollar gains).