Warren was very interested in creating his own businesses and investments from an early age. At seven years old he was motivated by a book he found in his local public library called One Thousand Ways to Make $1000. This book got him started thinking about different ways to make money as a kid, it was like […]
How Warren Buffett Made His First $1,000,000 Read More »
Candlesticks are a type of chart that clearly represents the behavior of buyers and sellers through visual price action patterns. They are a very helpful type of chart that can be used for seeing patterns form on a chart and establish signals. Here are three ways that candlestick charts can be used to quantify patterns
3 Simple Ways To Use Candlestick Patterns In Trading Read More »
Here are the five primary reasons the majority of traders lose money in the markets. Trading too Soon Trading real capital in the markets before you are ready can be very expensive. Before you begin trading you should have already backtested your strategy if you are a swing trader or trend trader or used a
5 Reasons Why Traders Lose Money Read More »
Here are five things to quantify before entering any trades. These areas should be based on the parameters of your own time frame and trading system. Path of Least Resistance The first filter for any trade entry is the question: “Is the chart your trading in an uptrend, downtrend, range, or highly volatile?” “The answer
5 Things To Look For Before You Place A Trade (Price Action Trading Strategy) Read More »
There are five primary ways people become wealthy. Many times they are steps in a process that build one on top of another to create the capital to invest for wealth creation. Let’s look at each of the five steps. Financial Goals The first step to wealth is having goals on what it is exactly
5 Things That Will Make You Wealthy Read More »
As a kid Jim Simons loved solving math problems, it was his passion. He thrived in school and went on to the best colleges as both a student and late a professor. His dream life was coffee, cigarettes, and math. He received a bachelor’s degree in mathematics from the Massachusetts Institute of Technology (MIT) in
The Insane Story of the Greatest Trader of All Time Read More »
The psychology of trading can be just as important as the method chosen, the system development, the strategy used and risk management. Without the right mindset using clear rational and disciplined thinking nothing will work over the long term to create profitable trading as mental errors will sabotage any trading edge. The three primary mental
3 Common Psychological Trading Mistakes Read More »
Even though Warren Buffett’s favorite holding period is forever, even the Oracle of Omaha has reasons to exit his investment positions when he sees a reason to based on many different factors. Let’s look at some things that makes him sell a stock. Warren Buffett: When To Sell Buffett advises not to be anchored to
Warren Buffett: When to Sell a Stock Read More »
An autodidact is a self-taught person. They are people that know how to first quantify what they want to learn, then identify the best sources to learn what they need know from, and finally do the work to learn what they need to know. Putting their new found knowledge into practice to achieve goals is
Elon Musk Explains How To Learn Anything Read More »
During Berkshire-Hathaway’s 2021 annual shareholders meeting they were asked by Becky Quick: “What do you think of quants?” “Jim Simons Medallion Fund has done +39% net of fees for three decades, which proves that it works.” Warren Buffett’s response: “But they were very smart.” Charlie Munger: “Yes, they got very rich. And very high grade
$28 Billion Day Trader that Even Warren Buffett Acknowledges Read More »