Book value refers to the accounting value of an asset or company. The book value of an asset is its cost minus any depreciation. The book value of a company is the total value of all its physical assets, which excludes any intangible assets, minus its liabilities. In both cases, the book value is essentially […]
The New York Mercantile Exchange, or NYMEX, is the largest exchange for physical commodity futures in the world. The NYMEX has been part of the Chicago Mercantile Exchange Group, or CME, since 2008, and offers global benchmarks for key derivatives areas, including energy, agricultural products and metals. The NYMEX is overseen by the Commodity […]
What’s up everyone? Alright, so here we are, sixth day of April, and another seven thousand dollars in profit. Now, today wasn’t totally easy. I had a $9,500 winner, which was awesome, but I also had a $2,500 loser, which was not so awesome. So net profit, seven thousand dollars. That puts me up […]
Wealth is the total assets minus the total liabilities of an individual, organization or government. Wealth is effectively the sum of resources available for disposal at any given time. Wealth is calculated according to current market rates, or appraised estimates when an effective market pricing mechanism does not exist. The Significance of Wealth Wealth is […]
What’s up everyone? All right, so finishing up the morning here up $9,471.05 taking two trades right off the watch list. It really doesn’t get a lot easier than this. This is, I mean an awesome hot streak. I remember had that red day towards the end of March, lost $11,000. That was right before […]
Table of contents How The Fear of Missing Out (FOMO) Can Ruin Judgement No Fear! Greed Is Good…Or Is It? Hope How to Master Your Emotions Rules for Identifying Trades Rules for Executing Trades Rules After You Trade In financial markets dominated by vast mounts of data, sophisticated analytical programs and quantitative strategies, concerns about […]
What’s up, everyone? Here we are at the 60th day of 2018, my 60th trading day. Finishing the morning up just under $4,000. That puts me up $3,200 on the week. This is the crazy thing. I’ve taken 30 trades, and I’ve been right on 28 of them. 28 winners out of 30 trades. Only […]
The third stop of this amazing journey of mine brings me to Madrid, the capital of Spain. By the way, just in case you’ve been missing the first three episodes, you can watch them all here. And don’t worry, there are so many beautiful places in Europe that are yet to come and I am […]
What’s up, everyone? Another green day. Third green day of April, my 59th trading day of 2018, finishing the morning up 2,600 bucks. Not the biggest green day ever, but not bad. Today’s one of those days where the market is humbling me a little bit because I was up $5,600 dollars, which was awesome, […]
Betterment is one of the largest automated wealth management company having accumulated over $11 billion (in asset under management) as of October 2017 and over 300,000 users. In line with its mission “Investing Made Better”, it has built an intuitive platform to help users attain expected returns from their investments and minimize risks. For this […]
