Does Your Trading Strategy Follow These 3 Rules?

Every winning trading strategy has one thing in common. They all use strong risk management. In order to manage risk well, it’s important to establish rules. You need to create these rules before you put real money on the line. They should cover things like: Choosing position sizing. Maximizing the risk-to-reward tradeoff. Managing winners and losers. By creating and following rules, you can greatly improve your odds of success. Position Sizing Mathematicians, investors and traders are always searching for the optimal position sizing for a strategy. Often, traders determine the appropriate position sizing by using formulas. These formulas calculate an[…]

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“I Was Richer Than Bill Gates for 3 Days”

The company had no business plan and zero revenue. Yet, a $20 million investment was made after a 45-minute meeting. Why? The founder’s “eyes were very strong.” He had “charisma and leadership.” Masayoshi Son’s investment in Jack Ma’s Alibaba is one of the record books. At its peak, that $20 million investment was worth more than $150 billion — a 6,500X return! And many agree that it’s one of “the most successful investments in the history of mankind.” But if not for this one investment, you would’ve never heard of Son… The Crash Because before Son saw those returns, he[…]

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3 Quick Questions to Ask Yourself This AM

The post 3 Quick Questions to Ask Yourself This AM appeared first on Budgets Are Sexy. Happy Monday, happy people! Just a short post today… Here are 3 simple questions to ask yourself this morning. Asking these questions once in a while (especially at the start of the work week) will help you lead a happier, richer, and more intentional life. Here we go… 1. What Tiny Little Thing Can I […] The post 3 Quick Questions to Ask Yourself This AM appeared first on Budgets Are Sexy. Powered by WPeMatico

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Should You “Lie” During Job Interviews?

The post Should You “Lie” During Job Interviews? appeared first on Budgets Are Sexy. OK … I got a fun question for you today … Should you LIE during a job interview? Before you answer, let me give you a bit of context as to where this question comes from… My First Job Interview, in 1999 I was 14 years old, at my first interview at McDonald’s. I remember […] The post Should You “Lie” During Job Interviews? appeared first on Budgets Are Sexy. Powered by WPeMatico

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Illumina’s Glow-Up; Rivian Retreats & Sound The Taco Bell

Biotech: It’s What’s For Breakfast Goooooood mooooorning, Great Ones! I hope your appetites are as big as those bright, beaming eyes … it’s breakfast time! Great Stuff, it’s like … five o’clock in the evening? You doin’ okay? Writing on an empty stomach again? Wall Street’s been in an Early Bird Special mood so far this week, and I’m not complainin’. If you tuned into yesterday’s shindig (and why wouldn’t you?), you’ll have seen a number of companies jumping the earnings gun and already sharing their greatness from 2021. Taiwan Semiconductor, Crocs … all the market’s greatest hits, clearly. And[…]

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Finding Acorns Before They Become Mighty Oaks

There are thousands of them on worldwide exchanges. They make up roughly half of all public companies. But here’s the kicker… Like acorns, they’re small and unknown. Most investors ignore them. And that’s music to my ears — because it means more money for my brokerage account. All of the largest and best companies were once small companies. And finding mighty oaks when they are little acorns can be the key to tremendous returns… In fact, some of the largest and best-performing stocks of all time — like Berkshire Hathaway, Amgen and Walmart — started out as microcaps. Microcaps are[…]

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So a Potato Farmer Walks Into the Outback …

The post So a Potato Farmer Walks Into the Outback … appeared first on Budgets Are Sexy. In 1983, the Sydney to Melbourne Ultramarathon was one of the longest and toughest foot races in the world at the time. This race was a brutal 544 miles distance (yes, you read that right, it’s more than 20 marathons back to back!) stretched across the dry Australian outback.  Only a small group of elite […] The post So a Potato Farmer Walks Into the Outback … appeared first on Budgets Are Sexy. Powered by WPeMatico

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Net Worth Report #16 “Never Been Kissed” (Up $87,971) 📈

The post Net Worth Report #16 “Never Been Kissed” (Up $87,971) 📈 appeared first on Budgets Are Sexy. Trying to build wealth without tracking your net worth is like not checking the road map because you’re too busy driving. How do you know if you’re headed in the right direction?  My wife and I check our net worth monthly, and it takes a measly 5 minutes to calculate. It’s just a simple tally […] The post Net Worth Report #16 “Never Been Kissed” (Up $87,971) 📈 appeared first on Budgets Are Sexy. Powered by WPeMatico

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Bank It or Tank It’s Next Chapter

I‘ve been doing my Bank It or Tank It series for 2 years.Normally in this series, I’d take the stocks you all are interested in, and provide the key trend levels to watch so we can determine if they’re set to head higher or lower. (We’ll talk about this more later, but you can write me anytime with what you want to see.)This way, even if my initial analysis is wrong, you know the key levels that would make me change my mind and you can adapt accordingly.But in 2021, we took my Bank It or Tank It analysis to a[…]

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Buffett’s Secret of Turning $36 Million Into $160 Billion in 5 Years

By the end of 2015, Apple’s brand was known the world over. There were over 500 million iPhone users worldwide. Its products were simple, easy to use and addicting. Once you used one Apple product, you were hooked. So, unless you were living under a rock in 2016, you had to know that Apple was a great business. And in the first quarter of 2016, Buffett bought $7 billion of Apple’s shares. His purchase raised eyebrows. For years, he had shied away from technology. Now, he was going all in. By 2018, Buffett’s Berkshire Hathaway owned 5% of Apple’s business[…]

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