Right now, Trump is focused on making Iran pay for their violations of the MOU and their continued acts of terrorism in the Strait of Hormuz - Axios citing US official.
Everyone wants to be a trading millionaire,
But no one knows how to win.
99% of people think trading is gambling, so they:
- Go all in
- Change system every week
- Give up after 2-3 accounts blown
Follow the trading blueprint to become a successful trader:
1) Show up every day
- The more you show up the more you gain skills and experience
- The more you show up the more you beat your competition
- Most traders give up within 3 years
2) Keep risk under control
- The #1 trading goal is to survive
- The more you survive the more you gain knowledge, skills and experience
- Risk management is the most underrated trading skill
3) Develop a trading edge
- A trading edge is the advantage you have against the market
- You can't win without a trading edge, it's your most important offensive weapon
- Study charts. Train your eye. Develop your trading weapon.
4) Produce consistent efforts
- Have plans, systems, routines and follow them consistently
- Don't change system after 1, 2, 3, 4, 5 losses
- Don't break rules to satisfy your emotions
5) Have an insanely long term view (5+ years)
- You can't become successful in 30-60 days
- You need time to develop skills like discipline, confidence and patience
Trading edge + consistent execution + long term view = Trading success
2024 election,Excessive Expenditure will Lead to High Liquidity
2024 Across The Globe Central banks will Cut Interest rates leading to more liquidity In Emerging markets
Liquidity drives the market
Just Survive 2023, We may see biggest ever Bull market in Indian stock market
It took me 5+ years to learn
I’ll teach it to you in 5 minutes.
Even your business degrees (MBA) won’t teach you this.
Here are the these 10 lessons which will lessen your learning curve and make you a profitable trader.🧵👇
As a prop trader since 2006 with 150 inhouse full time traders our Edge always was transaction cost, technology and access to information using Bloomberg and other terminals. That is now available to everyone.
Still 99 percent people loosing money. Why ?
Thread 1/n
Top 7 Finance Books:
1) Money Makers
2) The Hard Thing About Hard Thing
3) Romancing the Balance Sheet
4) The Everything Store
5) Bill Gates: Business Lessons
6) The Little Big Small Business Book
7) Financially Fearless
Technicals and Fundamentals have two different goals
Technicals: Find the best entry/exit and measure the strength
Fundamentals: Select stocks with a high potential of a lasting trend.
Combine both and you are able to find big winning Stocks.
Stay away from investing in the stock of such a company.
- High Debt
- High PE
- Very Low Promoter Holding
- Low ROE
- Constantly Decreasing EPS.
- The company has been showing huge losses for the last 2 years.