Category: Theory And Training
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The Price of Admission – Volatility
Account volatility runs wild for most people during bear markets. This is not a pleasant experience for the average investor. Humans are creatures of routine and habit. It is in our nature to avoid volatile situations and return back to a safe, secure and steady state environment. But unfortunately for us, the investing game doesn’t…
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Economic Indicators – Retail Sales Report – What Does It Mean?
For the second installment of our Economic Indicators Series, we’ll be reviewing the retail sales number.
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How Extending Your Investment Timeframe Will Increase Your Returns And Reduce Your Stress
3:00 PM – Log into trading account. Check positions. Check balance. Close window.3:03 PM – Reopen window. Log into account again. Check positions. Check balance. Close window.3:07 PM – Attempt to start a project at work. Fail. Open window. Log into trading account. Check positions. Check balance. Close window.3:16 PM – (See last 15 minutes…
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Economic Indicators – ISM and PMI – What Are They?
https://www.youtube.com/watch?v=2_o__qo3RM4 I’m sure you’ve heard all the talk in financial media about various “economic indicators”. The so-called experts use these magic numbers to figure out the state of the economy. They tell us whether we’re heading for a recession, or if the economy is about to start growing again.
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Why Active Investing is Better Than Passive Investing
The difference between passive and active investing is not difficult to understand. But even so, my standard attempts to explain the concept usually cause my friends and family’s eyes to glaze over….
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Do Investment Newsletters Add Value?
Investment newsletters are some of the most ubiquitous financial products on the web. But do they add any real value? Does anyone actually make money using them? For most retail and and non-professional traders, the answer is a resounding no. How many times have you read a newsletter touting picks with grandiose headlines? “XYZ stock…
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Why You Need To Red Team Everything
Have you ever had an investment idea that you just knew was going to be a slam-dunk and make you a ton of money? So you put on a large position, maybe your whole nut, because why not… right? It’s a sure thing! And you’re the genius who discovered it! Now you’re gonna ride this…
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Ruthless Reductionism and Occam’s Razor
In the classroom we were constantly praised and awarded for complexity. A desire for higher marks meant creating more pages of writing, more conclusions, more assumptions, more models, more complexity, more and more. Yet when we exit the sterile classroom and apply that approach to the real world in search of profits, it often translates into less…
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Invest with the Patience of a Sniper
“You dumb f*$@ing pig!! What the hell do you think you’re doing!?”My sniper instructor screamed in my face after I had ID’d and shot a target on the stalk lane, all while remaining hidden. The beratement confused me. I had just successfully completed a stalk lane, and on one of my first attempts at Marine…