Fundamental Investing vs. Trading Technicals
Archives of “February 14, 2019” day
rssHere's where the super-rich will live in 2026
Fibonacci Trading – Carolyn Boroden
Dangers in Trading caused by Human Nature
Fear: fearful of profit and one acts too soon.
Hope: hope for a change in the forces against one.
Lack of confidence in ones own judgment.
Never cease to do your own thinking.
A man must not swear eternal allegiance to either the bear or bull side.
The individual fails to stick to facts!
People believe what it pleases them to believe.
Thought For A Day
Practice Trading As A Game, But Trade To Win
When you are developing your trading skills and trading mindset have fun at it, and treat it like a game. Develop a stress free environment where practicing and learning are fun. This is where “Paper Trading” can help you. “Paper Trading” is a great way to practice your trading in a stress free environment where you can have fun while learning and improving. When you ready to trade with real money, trade to win! Be relaxed yet focused. Don’t get too serious or you will lose your edge and become uptight and stressed. Instead flow with the markets but make no mistake about it, you are there to win! The Navy Seals have a great saying, “It Pays To Be A Winner!”, and “Second Place Is First Loser!”, and this is true for trading as well.
Thought For A Day
Traders-You are having Skill or You are Lucky
Traders with skill have large gains after 100 trades and are relatively quiet, traders that were lucky have huge gains after a few trades and are very loud, then very quiet for the next few trades that usually bring their account to zero.
Traders with skill risk 1% to 2% of their trading capital per trade and win in the long term, traders that are just lucky risk the majority of their account for a few big wins in the short term but lose in the long term when their luck runs out.
Traders with skill use a successful method with different stocks, currencies, commodities, future markets while traders with just luck are only successful with one lucky pick in one of those markets and when its up trend ends their winning streak ends.
Traders with skill have winning track records over many years, traders with only luck only have winning track records measured in months.
Traders with skill have risk management as a top priority, traders with only luck do not understand why risk management is important, yet.
Traders with skill are trading like it is a business, traders operating with luck are trading like they are a gambler in a casino. (more…)
Naked Truth :Corporate Greed Controls Political Will
Stephen Hawking: Earth Will Become A Flaming Ball Of Fire By 2600
He also warns that if humans want to avoid permanent extinction, we should be making plans to evacuate the earth.
Hawking claims that mankind will destroy the earth making it a fireball within the next 600 years. The renowned physicist believes soaring population sizes and consequential increasing demands for energy and food will lead to the catastrophe. Hawking also says that humanity should begin looking to the stars to avoid this fate, with our nearest neighbor Alpha Centauri the best candidate for our escape. Hawking also urged financial backers to put funds behind a project that would send probes to the star system.
The Alpha Centauri system is the closest star system to our sun and consists of three stars. Of those three stars, Proxima is the closest to our sun. At a mere 4.367 light years away, on our sky’s dome, we see this multiple star system as a single star – the third-brightest star visible from Earth. And it’s this system that Hawking has his eye on.
