GaryRW

trader, digital nomad

[Steve Burns @SJosephBurns]

“You don’t get rich by diversifying into 50 mediocre assets. You get rich by finding 2 or 3 asymmetric home runs.”

— Stanley Druckenmiller.

[TheGladiator @TheGladiatorHC]

Commodities have been struggling for 1 week now and most people have already moved on. This is why they’ll never lock in massive returns.

The legendary Rick Rules 10 baggers had a Median time frame of 5–6 years and nearly all had 40%–50% retracements.

[Pop Base @PopBase]

“I’ve been in this industry for 60 years. I just want to tell you: never give up on your dream, no matter what happens. Live it, be it, and if it’s not happening now, it will happen soon.”

— Cher at the #GRAMMYs.

[sopranos rewatch @sopranosrewatch]

how do you handle your problems?

me:

[Steve Burns @SJosephBurns]

Paul Tudor Jones: "My metric for everything I look at is the 200-day moving average of closing prices. I’ve seen too many things go to zero, stocks and commodities. The whole trick in investing is: “How do I keep from losing everything?” If you use the 200-day moving average rule, then you get out. You play defense, and you get out."

[Heisenberg @Mr_Derivatives]

If $BABA breaks $150 here convincingly, $168.43 gap fill gonna be here faster than you can say

[Nostra, House of Gold @Nostre_damus]

Live view:

Bankers watching Gold & Silver

[Tom Morgan @tomowenmorgan]

“Never bet on the end of the world, because it only happens once.”- RIP Art Cashin

[The Sopranos Guy™ @uncle_june]

"Onlyfans girl makes $43 million a year"

Me, heading to my 9-5 so I can afford to eat

[Sopranos Central @orange_peelbeef]

I hope this email finds you well
How the email found me:

[Peter Spina ⚒ GoldSeek | SilverSeek @goldseek]

Money does not grow on trees, it is mined.

#Gold

[Value Theory @ValueInvestorAc]

“I firmly believe that nobody knows what the market will do… The important thing is to find an attractive idea and invest in a company that’s cheap.”

- Bill Ruane

[Linda Raschke @LindaRaschke]

"Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations." - more from Reminiscences of a Stock Operator (the wording was actually Lefevre's)

[Linda Raschke @LindaRaschke]

It was only after going broke twice and then making much less profit in a raging bull market...that Livermore realized he was trading like a sucker. He was losing his profit because he was trading every day for the sake of trading. This...made him a “Wall Street Fool”. “Whenever I read the tape by the light of experience I made money, but when I made a plain fool play I had to lose. There was the huge quotation board staring me in the face...Of course I let the craving for excitement get the better of my judgment.” everyone learns through experience...Livermore in the early days!

[Linda Raschke @LindaRaschke]

when Livermore lost money it came down to 2 potential culprits: The rules for trading were not fully formulated (not the case for most of his losses). The rules were not followed.
For today's traders, these are likely still the culprits that keep profits at bay. To be profitable, a trader must actually create a profitable trading strategy, and then must adhere to it in actual trading.

[Charlie Munger Fans @CharlieMunger00]

"Obviously it requires strength of character in order to think and to act in opposite fashion from the crowd and also patience to wait for opportunities that may be spaced years apart."

--- Warren Buffett

[Oliver Groß @minenergybiz]

Not just an amazing week for gold. Shares of the world's largest gold producer, Newmont, also closed at new 52-week highs. 🪙
$NEM #gold #mining

[Daniel Mahncke @MnkeDaniel]

7 Investing Lessons from Legendary Investor John Bogle:
(Bookmark for Later)

[Value Theory @ValueInvestorAc]

Warren Buffett explains why you don't need to be a genius to be a good investor.