Just started a Skool community to teach people how to swing trade and make money in your sleep. Let me know if youโre interested! (Itโs free right now)
Frank Sinatra was a fervent anti-racist and an early activist during the civil rights movement. He refused to stay at hotels and play at clubs that did not admit black people. His band would also provide equal pay and treatment for black musicians. It was through his relentless and tireless efforts that Las Vegas quickly became integrated.
In an interview in 2016, Frank Sinatra, Jr. had this to say about his father: "In the days when Las Vegas began to become popular, the black performers could play in showrooms, but they couldn't stay in the hotel. And it was Frank Sinatra who went to the board of directors, who had rather shady pasts, and he said, 'Are you guys going to come into the twentieth century, or aren't you?'... Somebody said 'Well, we have white people, we have black people." Sinatra, the story goes, said to them, 'The money is green. How about that?' And they began to look at each other, and the wheels were turning, and because of Sammy (Davis), Las Vegas became integrated.
Sinatra was also a significant supporter of Martin Luther King and helped him raise money to support the Civil Rights Movement by headlining fundraisers. In 1958, he wrote in Ebony Magazine: "A friend to me has no race, no class and belongs to no minority. My friendships are formed out of affection, mutual respect, and a feeling of having something in common. These are eternal values that cannot be classified."
Built and backtested a new strategy thatโs so simple itโs stupid. 1 trade per day, same time every day, 2.5 R:R. Weโll see how it goes over time.
Something that is going to tremendously improve your trading is learning how to think in R-Multiples. If you risk 1R does it really matter how much $ is at risk?
I am primarily a daytrader, but the thought process is the same for swing traders also.
Once you establish that you want to buy a stock, your next move before making the trade MUST be to decide where you will exit if wrong.
Far too many people disregard this step, only considering the upside. Big mistake.