Finally had a chance to sit down with @markminervini and talk trading & markets. Worth the watch before you start trading this week with lessons all traders should know.
What It Takes To Be A 2-Time Investing Champion! https://t.co/6fKXsQyoTj
The most important characteristics or traits that traders need to develop are flexibility and humility. You can't be a successful trader with a big ego or a strong opinion.
Every position, every trade, every investment is simply a rest area, not a destination. Every business, every economy faces new challenges, and things change. You must too. There are timeless principles to live by, but within that framework, your observations and your tactics must adapt. Most of all, you must accept the reality that you are going to be wrong often, and the only way to make big money and avoid destruction is to minimize the damage during those periods, which requires keeping your ego in check.
@___TheGOOdWitch Science is being used to discover the intelligence that God implemented in creating the earth and all the evolving life in it. God is not filling gaps but science is lagging behind complete discovery of what God accomplished with his powerful words.
@markminervini Some gold here laid in plain sight for everyone to grab, from one of the best mentors on earth.
Thank you Mark 🙏 for sharing your timeless wisdom that will continue to open the eyes of future generations. God bless you.
One of the most important things you can do as a stock trader is to be patient with yourself and allow yourself time to grow. Not all flowers bloom at the same time, and not every journey unfolds on the same schedule. It may take you longer than someone else to develop the skills, discipline, and understanding needed to succeed, but that doesn't mean you're any less capable.
Avoid measuring your progress against others. Everyone learns at a different pace and reaches important milestones at different points in life. Trading is a personal journey, and your timeline is your own.
I know this firsthand because I was a very slow starter. It took me six years before I even became profitable. There were many times when I could have concluded that I simply didn't have what it takes. But persistence, patience, and a commitment to continual improvement made all the difference. Most of all, I knew that those who succeeded were just men like me, and if they did it, then so could I.
So give yourself space and grace. Give yourself time. Stay committed to the process and focus on getting a little better each day.
Above all, be patient with yourself—the big rewards come to those who refuse to quit before their time arrives. If I could do it, so can you.
https://t.co/JXzFFTmMtn
If you don't mind being wrong on the way to being right you'll learn a lot--and increase your effectiveness. But if you can't tolerate being wrong, you won't grow, you'll make yourself and everyone around you miserable, and your work environment will be marked by petty backbiting and malevolent barbs rather than by a healthy, honest search for truth. #principleoftheday
So long as you bear the consequences of failure, you are the ultimate Responsible Party. For example, while you might choose to delegate the responsibility of figuring out how to handle your illness to a doctor, it is your responsibility to pick the right one, since you will bear the consequences if he does a bad job. Or if you were building a house, would you go to an architect and say "show me the kinds of houses I can build" or would you tell the architect what kind of house you want to live in? This is especially true when it comes to money. If you delegate the oversight responsibility for your finances to others, they typically won't hold themselves as accountable for your money as they would their own and they won't fire themselves if they are doing a bad job. Only the ultimate RP can do that. #principleoftheday
Most people think Starship was only built for multi-planetary life and outer space missions
While that is true, Starship can also be used to fly passengers anywhere on Earth in under an hour
Long-haul flights are exhausting and can take up to a full day in the air. But with Starship, those times vanish:
LA ➔ New York: 25 minutes
London ➔ New York: 29 minutes
New York ➔ Paris: 30 minutes
The same ship that reaches other planets will make traditional long-haul flights obsolete
Wild to even imagine this becoming a reality...
Today Tesla FSD is ~9x safer than humans
Soon, FSD will be 1000x safer and driving manually will be considered dangerous
Every Tesla on the road feeds real-world data back to train the AI. Billions of miles. Every edge case. Every near-miss. No human driver can learn that fast
The fleet is the teacher and it never sleeps
Charlie Munger: "One of my favorite tricks is the inversion process."
"If somebody hired me to fix India, I would immediately say, 'What could I do if I really wanted to hurt India?' I'd figure out all the things that could most easily hurt India — and then I'd figure out how to avoid them."
"It works better frequently to invert the problem."
🚨 Simulation Theory: The Double Slit Experiment proves particles act like waves until observed then they snap into particles.
What if our reality only "renders" when we're looking, just like a video game optimizing resources?
Check out this episode from The Why Files breaking it down, tying it to Simulation Theory. Are we in a sim?
This could be the key to unlocking the true nature of existence!
The Why Files video did a great job on explaining the Double Slit Experiment & Simulation Theory
What do YOU think—real or rendered? Drop your thoughts below!
If you want to make real money in the market consistently, stop trying to call tops and bottoms and Monday-morning quarterbacking what you could have done.
Focus on managing risk relative to reward and turning over your edge. Then, your efforts will start producing profits instead of volatility and grief. 📈
Ford CEO Jim Farley, in a new interview, says he realized Ford had been doing EVs all wrong after his team ripped apart a Tesla:
“When we ripped apart a Tesla, I was just absolutely flabbergasted. The Mach-E's wiring harness was 70 pounds heavier and 1.6 kilometers longer. We didn't know what was going on in [Tesla engineers' ] minds. But now we understand. They had no prejudice. We had prejudice. We'd gone to our supply-chain person and said, "Buy another wiring harness." [Tesla] said, "Let's design the vehicle for the lowest, smallest battery." Totally different approach.”