Similar Posts
Don't Do it for the Money
This Week’s Trading Lesson “Anything worth doing is worth doing for money.” – Gordon Gecko, Wall Street Does Money Motivate? Depends on The Task It is generally accepted that money is a motivator; if you link pay to performance, performance will improve. For that reason, many people’s salaries vary with their performance. This is most…
Great Lessons from Wall Street Legends
Over the past decade, I have studied many of the legends of Wall Street and have noticed several overlapping similarities in their thinking. The following list outlines critical components that many of the best investors/traders share, regardless of their investment style or background
Timeless Wall Street Advice: Unload losers, Ride winners
Buy me 10,000- or whatever. If it goes up 1 point, buy more. If it goes up another point, call me. If it goes down 2 points, sell it. This sane, simple advice- unload losers, ride winners- became a source of enduring mystery for me: Why didn’t more investors embrace it? And why did so many…do just the opposite
Sun Tzu's Advice For Wall Street; Trading Is Like War
The Trade War The stock market is a forum for debate between buyers and sellers on the values of companies. That is the nice explanation. To frame it in a another light – the stock market is a war between buyers and sellers, who each want to take the others money. The stock market is…
Why Most People Lose Money In The Market- It’s human nature.
Immediate Gratification: Profits are a function of time. By definition any trade that is exited with a profit requires a certain element of time. The problem is that most people have a natural tendency to seek immediate gratification at the expense of long term gratification. That is why most people lose money on Wall Street….
Separate Your Emotions From Your Decisions: Ron Johnson & Jon Corzine Lesson
Our longstanding readers and clients know that we are big fans of removing your emotions from the decision making process, in life and in the market. This is yet another lesson of what it is paramount for investors to remain objective, analyze the facts and always listen to what the market is saying (not someone’s…
