Big news for the lithium market: China just announced a major plan to scale electric heavy-duty trucks, aiming for 40% market penetration and a fleet of over 1.6 million vehicles by 2030. Given the massive battery size needed for these trucks, this is a huge long-term demand flag
I met a trader at a hotel bar in Singapore.
He looked ordinary.
Then... he showed me his numbers.
He managed a $12 million account.
His average annual return was 34% over 9 years.
His best year was +61%.
His worst year was -11%.
He said most traders lose because they want excitement.
''Boring makes money'', he told me.
He traded only 3 setups.
He ignored 95% of market noise.
His average win was $460,000.
His average loss was $184,000.
He takes just a few trades a month, but bets big on them.
Then... he gave me 5 tips.
> ''Protect your downside first.''
> ''Wait for obvious opportunities, and bet big on them.''
> ''Think in probabilities, not predictions.''
> ''Individual trades are random and can't be predicted.''
> ''Stop taking 30 mediocre trades a month, just take 4 insanely good ones.''
He finished his coffee.
A few minutes later, he left.
The conversation lasted 20 minutes.
The lessons will last forever.
Worst boarding experience at Gate 26 @SydneyAirport. After getting down from the boarding gate with an escalator, 7 subgates meet you A to G for different flights. It's actually a bus station. Buses taking you to your flight. Imagine poor staff need to coordinate so much.