For decades new studies have repeatedly shown that traders cut their winning trades too early and hold on to their trading losses for far too long. The reasons for this behavior can be found in our evolutionary biology. Behavioral economics and cognitive psychology have demonstrated profound biases in how humans treat gains and losses, and […]
What goes up, must come down. This is as true for the financial markets as it is for gravity. While equity indices may trend upward in general as expanding economies and new technology drive up the value of companies, this overall trend is punctuated with regular, and often sharp, reversals downward and is where an […]
So you’ve decided to become a trader. You know it’s probably one of the most difficult jobs right? Over 90% of aspiring traders lose money and fail. So you I hope you’ve taken the time to read up on what it takes to become a day trader. You’ve researched the best hardware and software for […]
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 […]
We all know about active income, perhaps a little too well at times: we fight the urge to hit the snooze button, do our morning routine and then head off to work so that we can meet our responsibilities and obligations. However, most people are much less comfortable with the idea of passive income. This […]
In my last post we discussed turning our day trading desktops into cryptocurrency mining machines. Today I want to discuss something that is probably on everyone’s mind. Is it worth it? Is mining still profitable? I will admit we have seen some serious pull back over the last couple of days, but does that […]
Let’s face it. Debt is unavoidable. Maybe you need money to finance your education or to finance your business. Probably you need to make a major purchase and don’t have the financial means to do so on your own. Well, you are not alone. How To Get Out Of Debt According to a survey carried […]
If you day trade from a desktop computer, you may be able to take a position in the cryptosphere easier than you might think. What I mean by this is you may be sitting on a perfectly capable mining machine with potential of making anywhere from $50 to $200 a month, mining cryptocurrencies. I purchased […]
Did you know that a vast majority of members belonging to the Forbes 400 list of wealthiest people in the world have increased their wealth by investing stocks? According to history, trading or investing in stocks is one of the best ways to build wealth over an extended period. What you should know is that […]
Due to the inherent leverage in options and the counter-party risk involved in writing options, brokers have developed a tiered system of option approval levels for traders that limits their access to options trading. There are 4 option approval levels, each of which allows additional access to various forms of options trading based on the […]
