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
Stop Trying to Get It And You’ll Have It (The Backwards Law) Read More »
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
I Became a Profitable Trader After Doing These 5 Things Read More »
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 »