Trading can be a very expensive educational process for professionals from other fields that feel like they are smart enough to beat the markets with no experience. In trading, we are competing against professionals and people that do it for a living have an edge. The only way to make money is to have an […]
How To Win The Game Of Trading: 6 Lessons Learned After 30 Years Of Trial And Error Read More »
Becoming an expert in a particular subject or activity requires dedication, hard work, and a willingness to continually learn and improve. But what exactly does it take to reach this level of proficiency? This blog post will delve into the four essential elements of becoming an expert: consistency, curiosity, practice, and persistence. By understanding and
The 4 Things It Takes to Be an Expert Read More »
The stock market can be a confusing and intimidating place for those who are new to investing. However, with a little knowledge and understanding, it can be a powerful tool for building wealth over the long term. The stock market refers to the public marketplace where companies and investors buy and sell securities, such as
Stock Market for Beginners (Step by Step Guide) Read More »
Insurance is a financial product that helps individuals and businesses protect against potential losses and liabilities. It plays a crucial role in society by providing a safety net during unexpected events, such as natural disasters, accidents, and illnesses. In this blog post, we’ll delve into the inner workings of insurance companies and explore how they
Insurance Explained: How Insurance Companies Make Money (How They Work) Read More »
Author Jack Schwager has written the greatest series of trading books in the industry by consistently getting interviews with the best traders of this generation. His book Hedge Fund Market Wizards is one of the best as it is comprised of interviews with professional traders with successful public track records. These money managers are able
Hedge Fund Market Wizards trading secrets & insights in their own words Read More »
It’s no secret that Michael Burry has been very bearish for years on almost all asset classes. His prediction for runaway inflation in May 2020 was very early in the economic cycle before almost anyone else saw it coming and it was accurate. In that call he just looked at monetary policy, money printing, and
Michael Burry’s Warning for the 2023 Stock Market Crash Read More »
Being alone can often carry a negative connotation, as society tends to value extroversion and being surrounded by others. However, being alone can be a source of strength, creativity, and personal growth for those who embrace it. People who like to be alone often have special personality traits that allow them to thrive in solitude
People Who Like To Be Alone Have These 12 Special Personality Traits Read More »
Here are the sixteen laws of psychological power that can help create an edge over your competition and increase your odds of success in life inspired by Robert Greene’s book The 48 Laws of Power.[1] 1. Stand out from the competition The first thing you must overcome to win is being unknown and blending in
16 Laws of Psychological Power (Inspired by Robert Greene) Read More »
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
5 Tips for Successful Options Trading Read More »
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,
15 Things Poor People Do That The Rich Don’t Read More »
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
13 Types of Intelligence (Which Ones Are You?) Read More »
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%
Charlie Munger: How to Invest During a Recession Read More »
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
Will the Housing Market Crash in 2023? Read More »
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.
Technical Analysis is Hard (Until you see this) Read More »
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.
5 Ways Rich People Make Money With Inflation Read More »
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”
How to Identify a Trading Edge Read More »
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
Money: Humanity’s Biggest Illusion Read More »
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
10 Habits Of The WEALTHY Read More »