Samurai Summary: Top Tweets 29/09/2015

Volkswagen is to be removed from the Dow Jones Sustainability Index at the end of next month reports said on Tuesday as the carmaker goes on a massive drive to contain the reputational damage done thus far after they admitted to intentionally deceiving US emission regulators.

I believe that the company has done extensive long term harm to their brand which has been at the top, probably even revered amongst most other automotive manufacturers. The world has come to trust the Volkswagen brand known for its reliability and being part of the family that the company has honed in over the years which is why many have been left shocked and disappointed after the company's admission. The two simply don't match up, it's as if you were mixing oil and water together.  

Here's my quick take: Volkswagen cut from the Dow Jones Sustainability Index http://t.co/B8HjjFKm6o #DJSI

— Kalyeena Makortoff (@kalyeena) September 29, 2015

If you've taken a look at the major world indices on a long term basis you're bound to have noticed the amount of technical damage done over this extended period of selloff. I thought this tweet was appropriate by Assad Tannous in the sense that long term trends being broken are signs of an aging bull run. If participants are unable to support prices at levels while the selloff continues its a sign that the bulls have lack of conviction.

It's clear that the game has changed and so should the way you trade, if you fail to see that the market condition has transcended from Buy the Dips to Sell the Rallies you are jeopardizing your trading capital as well as your trading psyche.

When major LT trendlines are breached they must be respected. Upside will grind. DS will rugpull. Play percentages & stay in control.

— Assad Tannous (@AsennaWealth) September 29, 2015 

I thought this was an excellent piece by Galen Woods who used the Seven Deadly Sins in the context of trading. The first and probably most recognized emotion is greed which I think has undone more trading than stock crashes in themselves.

Going through the rest of them does highlight the importance of being aware of what you are thinking and feeling during and after the trading process. Trading is not a typical activity you pick up on very quickly as the author emphasises, it requires copious amounts of time and dedication, something very few people possess.

The Seven Deadly Sins of Stock #Trading | http://t.co/ajNfHKEFgw

— Galen Woods (@TradingSetupsRe) September 29, 2015