Options trading can be a powerful tool for investors looking to hedge their positions, generate income, or speculate on the direction of a stock or index. With the ability to purchase a contract for the right to buy or sell an underlying asset at a predetermined price and time, options offer a flexible way to […]
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People that start at the same economic level in life but end up at very different economic levels as time goes by can have fifteen common habits that contrast the two groups. These bad habits can compound over time and lead to a lack of money. While real poverty exists in the world at large,
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The theory of multiple intelligences proposes the differentiation of human intelligence into specific modalities of intelligence, rather than defining intelligence as a single, general ability. The theory has been criticized by mainstream psychology for its lack of empirical evidence, and its dependence on subjective judgement. [1] How many types of intelligence are there? There have
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The original theory of alpha males came from the study of captive animals and used most popularly to describe wolf packs and chimpanzee hierarchy. [1] After these animal studies people began to to see how the alpha male principles could be applied to human males personality traits. People could see many of the same power
7 Male Personality Types RANKED (Which one are you?) Read More »
Charlie Munger sees our current market environment to be much like the 1970s when inflation was running high and the Federal Reserve had to get inflation down at all costs, even if it led to a recession. “Well, when Volker, after the seventies, took the prime rate to 20% and the government was paying 15%
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We have two primary sources that drive home prices, buyers demand and sellers supply. The main reason we didn’t see a housing crash in 2022 is that while the demand has dropped due to factors of financing costs and inflationary pressures on personal budgets at the same time sellers are in short supply, especially in
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Technical analysis is used by traders or investors to analyze charts to identify patterns in the market price action data to identify trends and trading ranges to either react to what is happening now or make predictions about the future. There are two major types of technical analysis: predictive technical analysis and reactive technical analysis.
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During times of inflation most physical asset classes go up in value. Overall the rich most benefit from inflation as they tend to own the highest share of assets as a financial class of people. Many times the rich also use debt for leverage and inflation also depreciates the monetary value of that legacy debt.
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The 16 Habits of Mind are a framework for how to think and behave intelligently when problems are encountered and challenges are faced in life for learning and growing. These habits were discovered by the research of authors Costa and Kallick and primarily studied in educational environments. These habits were quantified by drawing on their
A trading edge is what makes you a profitable trader in the markets. If you don’t know what a trading edge is then you don’t have one. If you don’t have an edge you shouldn’t be trading. Let me explain what a trading edge is and give you some examples. What does “having an edge”
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Money is anything that is accepted as a medium of exchange for goods and services. Money is fungible and divisible and allows for an exact exchange of value between two parties in trade. Money stores value and can be used to save current value for future exchange or pay off debts from previous purchases. Money
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People that end up with large amounts of wealth tend to have similar habits. In discussing wealth, I’m talking about people that end up with enough money to do whatever they want. These are the multimillionaires and billionaires that have made a habit out of creating large amounts of wealth. The following are the common
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Not every pursuit in life rewards greater effort with a better result. Some things don’t improve with more effort and can even be made worse the harder you try. There are many activities that reward patience, a lack of activity, and self-control. The linear curve of effort versus results works best for simple productive output
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Elon confirmed on Twitter that he sent the following productivity recommendations to Tesla employees in an email. Stop excessive meetings Stop frequent meetings Exit calls and meetings when you aren’t adding value Stop using acronyms Direct communication is the best Free flow of information in a business is critical Common sense is the best guide
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Your mindset is the framework of self-perceptions and beliefs you think about yourself. It’s the mental model you use as a filter for how you see ourself in relation to the world. Your mindset determines behavior, future outlook, and your general mental attitude. The mindset you carry determines what you believe is possible for you
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As I have studied successful people across different areas like business, investing, and sports over the past 20 years some repeating patterns have emerged. Successful habits can be learned, modelled, and repeated to give you an edge in your own career, business, or industry. There are ten habits that all successful people share from all
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I got very lucky when I started out trading in the early 1990s as tech stocks stayed in uptrends and continually made new highs in price after each dip. Buying the dip and holding worked repeatedly much like it did in last few years in both stocks and crypto. However, after the dotcom bust of
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The best order of operations for where to put your savings depends on where it will be most helpful in moving you toward your personal financial goals. This sequence can be different for everyone but there are some basic principles for determining where to best allocate your savings for debt reduction and investing. In what
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Options are a market of derivatives that gives traders and investors the right but not the obligation to buy or sell shares of stock over a time period at a strike price before an expiration date for the cost of the option contract. The options market is a zero-sum game where there is a buyer
Options Trading for Rookies (Understand Options Completely) Read More »
A chart pattern is a visual representation of the actions of buyers and sellers in a market recorded in price action. A chart is not predictive of the future but shows what is happening with buyers and sellers in the present moment. What it does is signal a higher probability of one path over another
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