There is another way to play this market. It enables you to take a position in either direction. You can also set up a trade that captures a move, whichever way it goes. And how do we do that? Through the use of option trading.
Fear is a vital emotion. It’s our brains response to potential danger. Without it, we couldn’t protect ourselves from legitimate threats. But fear can get out of hand. It can hold you back. A strategy for dealing with fear is essential if you want to do anything that involves a risk.
As an investor, trying to find profitable opportunities for readers of my investment advisory, Crisis & Opportunity, I realised that less is more. Too much information clouds your judgement. It’s just noise.
The only difference between a diamond ring at Tiffany’s and someplace else is the logo on the ring and the little blue box. But does that matter? Not at all. People associate price with quality/value.
Top performers use this type of training with the sole aim of getting better. It engages the mind and body completely, and pushes the outer limits of their ability.
With trade tensions escalating, future uncertainty has become too much for some. Yesterday I wrote about fund managers like Magellan increasing their cash positions. Magellan has not had this level of cash (18%) since 2009.
One of the biggest mistakes people make is to hold on to losing trades. I’ve seen traders lose huge chunks of capital doing this. It’s the greatest wealth destroyer I know.
How does a fundie make money? Usually they’ll have a management fee (assets under management). They are ‘experts’ managing other people’s money.
The internet is full of ads for all sorts of trading services. Many of them claim to have exceptional win rates. Here's a snapshot of data. It’s the individual win rates for a group of traders. I want you to have a look, and then I’ll ask you a question...
Everyone talks a lot about the benefits of being a specialist. But to become truly successful at trading, you need to be an all-rounder. Here's how you can hone your investment skills.