This is in no particular order, as they are ALL important. 1) Strategy - There are so many different strategies: value, growth, momentum, short selling, etc. Find one that fits your personality and do your best to master it. The fastest way to learn is to study success. In other words, find someone who is [...]
About 3 months ago, a 22 year-old friend of a friend (we'll call him Mike) asked if he could sit down with me and pick my brain about stock trading. I agreed, and we met for an hour over a couple of beers. At the end, Mike said to me: "I asked to discuss trading [...]
Every January 1, my Twitter and Facebook streams are filled with the same quotes: "Good riddance 20xx...This is going to be my year...So glad that year is behind me...I'm gonna kick ass this year...etc...etc." You know what I think? It's all bullshit. So many people think some magical turn of the calendar is going to [...]
I am a huge fan of Oprah Winfrey and Tony Robbins. So, when the two of them decided to combine forces for a 2-hour Lifeclass special last week, it was a no-brainer to watch and absorb their wisdom. There are hundreds of lessons they have taught me over the years, but here are a few that [...]
As Jesse Livermore said: "Trading is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or for the get-rich-quick adventurer." In other words, to excel in the stock market, you have to work hard, have emotional control, and develop confidence in your strategy. I constantly get asked to recommend [...]
I recently had the pleasure of attending the third annual SALT Conference in Las Vegas. One of the highlights of the event was a rare interview with SAC Capital founder and hedge fund legend Steven Cohen, who spoke in front of a packed room of 1,800 people. Just to give a quick introduction, Mr. Cohen manages over [...]
I posted this list back in October. I am re-posting it now because I constantly get asked questions about trading, the stock market, chart reading, etc. As Jesse Livermore said: "Trading is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or for the get-rich-quick adventurer." In other words, to [...]