Category: Theory And Training
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Liquidity and Frozen Ice Theory
(Note: If you’re interested in learning how to gauge liquidity and sidestep the next market selloff, then download our Liquidity Tracking Guide here.)Howard Marks on liquidity: It’s often a mistake to say a particular asset is either liquid or illiquid. Usually an asset isn’t “liquid” or “illiquid” by its nature. Liquidity is ephemeral: it can come and…
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Mistakes Are The Way
“I’m only rich because I know when I’m wrong… I basically have survived by recognizing my mistakes.” ~George SorosFrom the time of our upbringing we are taught that mistakes are bad; that they are cause for embarrassment, and that they should be avoided at all cost.This is indelibly imprinted onto our minds at a very young…
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Action Through Inaction
Michelangelo once said, “genius is infinite patience.” A master trader understands this truth on many levels. Infinite patience is essential to staying with the grind and surviving the long and arduous crucible of learning how to win in markets. Infinite patience is a cornerstone of developing one’s self. To beat back our weak human desire…
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Triple Levered ETFs Will Make You Go Broke… Even If You’re Right!
Things get messy if you want to amplify returns using leveraged ETFs. Investors should completely avoid trading any type of ETF, levered or unlevered, unless they understand exactly what’s going on under the hood. And that means actually taking the time to read the mammoth prospectus of the product in question. We know most amatuer…
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What We Can Learn From The Masters
Everytime I watch golf I can’t help but think of how many similarities there are between successful investing and championship level performance on the golf course. Anyone who’s attempted a round of 18 holes knows how difficult golf can be. The game is a ruthless fight between you and the course. You’re constantly engaged in…
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Bill Ackman Could Learn A Thing Or Two From Technicians
Taking concentrated fundamental bets is no different than playing craps in Vegas. By now you’ve heard about Bill Ackman and his white whale — Valeant Pharmaceuticals (VRX). In 2015, Valeant plummeted and Ackman’s fund was down 20.5%. His misfortune continued into 2016, with his fund losing another 26% year-to-date after Valeant’s latest drop. Valeant’s share…
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Soros On Soros: Staying Ahead Of The Curve | Book Review
Soros on Soros: Staying Ahead of the Curve is one of three books every aspiring trader needs to read; the other two being Reminiscences of a Stock Operator and Market Wizards (the original). George Soros, nicknamed the Palindrome, because his last name is the same forward and backwards, is arguably one of the greatest traders of this generation.While…
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The Problem With Oil ETFs
By now, even those who don’t watch the markets have noticed the epic 75% fall in crude oil. It’s pretty hard to miss given that gas prices’ now start with the number 1, instead of 2 or 4. And most of us are happy about the extra hundred bucks or so to spend each month.But…
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Everything You Need To Know About Shorting Stocks
Shorting stocks can be very lucrative. But you need to know the ins and outs before you attempt this advanced trading/investing technique. Watch the video below to learn how!We go over: Why you should short The differences between shorts and longs Trade management techniques for shorts
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The Art of Learning By Josh Waitzkin – Book Review
“Evolution, Morpheus, evolution” – Agent Smith, The MatrixI’m a performance nut.Whether it’s trading, endurance racing, rock climbing, ju jitsu, or anything else. It doesn’t matter. If I’m doing it, then I’m obsessing over performance — and going to extreme lengths to improve and be better than the next. This is why trading and investing appeals…