Taking concentrated fundamental bets is no different than playing craps in Vegas. By now you’ve heard about Bill Ackman and his white whale — Valeant Pharmaceuticals (VRX). In 2015, Valeant plummeted and Ackman’s fund was down 20.5%. His misfortune continued into 2016, with his fund losing another 26% year-to-date after Valeant’s latest drop. Valeant’s share […]
Soros on Soros: Staying Ahead of the Curve is one of three books every aspiring trader needs to read; the other two being Reminiscences of a Stock Operator and Market Wizards (the original). George Soros, nicknamed the Palindrome, because his last name is the same forward and backwards, is arguably one of the greatest traders of this generation. […]
By now, even those who don’t watch the markets have noticed the epic 75% fall in crude oil. It’s pretty hard to miss given that gas prices’ now start with the number 1, instead of 2 or 4. And most of us are happy about the extra hundred bucks or so to spend each month. […]
Shorting stocks can be very lucrative. But you need to know the ins and outs before you attempt this advanced trading/investing technique. Watch the video below to learn how! We go over: Why you should short The differences between shorts and longs Trade management techniques for shorts
“Evolution, Morpheus, evolution” – Agent Smith, The Matrix I’m a performance nut. Whether it’s trading, endurance racing, rock climbing, ju jitsu, or anything else. It doesn’t matter. If I’m doing it, then I’m obsessing over performance — and going to extreme lengths to improve and be better than the next. This is why trading and […]
Account volatility runs wild for most people during bear markets. This is not a pleasant experience for the average investor. Humans are creatures of routine and habit. It is in our nature to avoid volatile situations and return back to a safe, secure and steady state environment. But unfortunately for us, the investing game doesn’t […]
For the second installment of our Economic Indicators Series, we’ll be reviewing the retail sales number.
3:00 PM – Log into trading account. Check positions. Check balance. Close window. 3:03 PM – Reopen window. Log into account again. Check positions. Check balance. Close window. 3:07 PM – Attempt to start a project at work. Fail. Open window. Log into trading account. Check positions. Check balance. Close window. 3:16 PM – (See […]
I’m sure you’ve heard all the talk in financial media about various “economic indicators”. The so-called experts use these magic numbers to figure out the state of the economy. They tell us whether we’re heading for a recession, or if the economy is about to start growing again.
The difference between passive and active investing is not difficult to understand. But even so, my standard attempts to explain the concept usually cause my friends and family’s eyes to glaze over….