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Like I tell a friend who I am trying to teach how to trade, you have to use some common sense. Sometimes, you come into a trade right before you. Like a King Cobra about to strike you! You have two choices, take the trade then, watch the price action or pass on it! My friend has the tendency to...

Erratum...I am teaching a friend for free and I told her, I do not have any conflict of....

Yeah, I know but, if you are a newbie trying to get started trading the stockmarket, who do you trust? Lots of people out there tell you they will teach you for a fee but, do they teach you anything of value? Most times, probably, not! I am teaching a fried for free and I told her, I do not have...

Call it the price of education. I taught myself everything I know about trading. Read lots of books, attended seminars and spent probably over $10,000, maybe more in all these years. If you do not have a mentor, you have to start from scratch. Unfortunately, you do not know who is real and who...

Without revealing his method, I have a couple of his booklets which I bought out of curiosity. Now, what is not addressed which I feel is very important is the percent "drawdowns". If you are trading, you will have drawdowns and even a stock in a long term uptrend could have deep pullbacks...

What they are selling you are tidbits of information. Some good, some bad. It depends on the source. That is what makes trading hard. Getting correct information. Also, even if they know how to trade, they are not going to give you the secret sauce (edge) to their trading. Why would they because...

You are like my female friend who is impulsive and trades with abandon without any risk management and trade in huge size. She has lost seven figures in the stockmarket. Now, she trades one lots but, makes the same mistakes since, she refuses to make and use a trading journal. I have a smaller...

Grow up snowflake because you sound like an immature kid! Try again in 2020! That is what adults do! Didn't Barack Obama say you lost, get over it? President Donald Trump might not be perfect but, so is your idol Hillary Clinton! She called half the country a basket of deplorables and called...

Or commit all sorts of acts like leaking classified information like Hillary Clinton and not even held accountable for it? What about financial dealings of Hillary Clinton and John Podesta with Russia? Unlike, Donald Trump, they actually got monies from the Russians and sold our uranium to boot...

Two big reasons: 1) Trading psychology. Some traders ego get in the way. The friend I was teaching to trade, she had a huge position on VRX then, in a downtrend. She bought call options. I told her she was trading against the trend. I told her to buy put options to recoup her losses. You know...

People use technical analysis different ways. I know when I started trading, I was relying too much on indicators. A lot of indicators are lagging indicators and all based on price. A stock could be oversold or overbought in an indicator and you believe it must go the opposite way. Why should...

The reason you maintain your trading journal is to review your mistakes as well as the things you did right! How much of an improvement would you have in your trading if you cut your mistakes to a bare minimum. We are all human and will make mistakes at times. One top trader said if you get...

You should. I am teaching a friend how to trade but, she refuses to maintain a trading journal. I tell her, how can you find out what you are doing wrong? And if you cannot find out your mistakes, how are you going to be able to correct them? When you correct your mistakes, you become a far...

Making monies is easy. Keeping those monies is the hard part. You could win several trades in a row. Problem is your next several trades could be losers as well! January and February 2018 combined, I was ahead like $4,800.00 which is not a lot but, for a small account of $25,000.00 is not bad...

Man, you need to live a little. Of course, the odds are against you. Still, someone has to win it and you have to have a ticket to win. I only buy 1 ticket to Powerball or Mega Millions when the jackpots are $100 million or more until, the jackpot is hit! I got 3 numbers from Mega Millions once...

Life is about choices and you make it what you want it to be! Growing up poor, I can tell you that given a choice, I would rather be rich. That in itself is not evil! Money is an inanimate object which is actually, made of cloth. How you use it determines where it is good or evil. Now, I educate...

Read it again. I did agree with you about college graduates making more than high school graduates in terms of income. You are marginally better but, not by much. Where you are very much wrong is when you assume having a a degree and a job is way better than trying to start a business which is...

Robert Kiyosaki put it best when he said that he was a C graduate but, now that he has multiple businesses, he hires A and B graduates to work for him and he does not pay them that much with a knowing smile. Generally, speaking you make more as a college graduate compared to a high school...

In this case, my doctor friend was too aggressive! She was putting hundreds of thousands of dollars at risk on one trade! At times, she would have hundreds of option contracts that she has bought. Most times, she would buy call options when the trend is obviously, down on VRX, one of her worst...

My sentiments exactly! The stockmarket is a different planet to be on. Only in the stockmarket do you have the best professionals in their field think that it is way too easy to make $1,000,000. What is not said is these professionals including, doctors took how many years of study and...