Big news. One of the biggest pieces of news in 2017 so far. It was the news in February 2017, that Warren Buffett massively increased his stake in Apple stock. His stake was increased from $1.5 billion to a whopping $18.5 billion. That is a pretty big jump, all happening in about 4-6 months. This …
Motivation. The endless mystery. It is an endless mystery for some people. Why are some people motivated to do something and others are not? Why are some motivated to learn and grow and others are not? Today we shall tackle this mystery and bring some much needed clarity. In my life there have been …
A lot of traders just dive in. They may enter the trading world via technical analysis or heavy chart related techniques and they just jump in. They just jump in trying to find trades right away. When it can pay to be a bit more patient. Like when you are a teenager and you fall …
J.P. Morgan once that said: “Go as far as you can see, when you get there, you’ll be able to see farther.” Therefore: GO! Go further. Go further than you’ve ever gone before. In truly knowing how to trade the market. Go and try. Life and trading are worthwhile only if you try. …
“I bought Amazon stock” she tells me. At the time I knew that Amazon stock (AMZN) was trading at or near its all time highs. Inside of me I debated whether I should tell her or not. Tell her what you wonder? That she should not be buying Amazon stock at or near the all …
Every great trader has this. They search for both big and small things they can do to boost performance. They search for both the big things – the “quantum leaps” – and also the small things – the slight edges. To turn a small losing year into a winning year. To turn a small winning …
You get a trade idea. You believe the moment to strike has come and go to place a trade. Do you ever confirm your trade idea? Do you ever go through a checklist confirming that it is a good trade? The current Chess #1 – Magnus Carlsen has said something interesting about confirming his …
If you desire to be a master trader you must think masterly thoughts. Surely there is action following those masterly thoughts, but there are thoughts behind the action. The thoughts form the principles, the philosophy that form the basis for the actions. And if you even wish to get even more advanced than that, there …
You don’t trade the markets, you trade your beliefs about the market. That is one of the reasons for the wide distribution of returns. Various hedge funds trading the same markets. But one hedge fund loses -5% in a year, another gains +50% in a year. Why is that so? Well, one of the reason …
One key habit. What’s that one key habit that, I wish I did on day one? It’s the discipline of writing down – even jotting down my beliefs and rules for what the perfect trade should look like. Do this write now – quickly. In less than a minute. Just write down quickly what you …