There is a major (flawed) assumption that is commonly used when people think about risk: that there is an equal relationship between risk and reward. However, in the real world, most so-called “risky” investments fail. Therefore, one would be wise to step back and take an objective look at the...
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Monthly Archives: October 2009
Lesson 2: Always Keep Your Losses Small & Never Fight The Tape!
Lesson 1 stressed the importance of developing “a sound market-tested trading plan, then trade your plan.” Lesson 2 discusses the importance of handling losses. Remember, losses are inevitable so don't set them aside. Instead, prepare for them by integrating them into your trading plan. That way you can recognize when...
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Steve Wynn and Ron Baron On the Economy
Steve Wynn and Ron Baron, two heavyweights in the financial and investing worlds, talk the economy on this clip from CNBC...
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Lesson 1: Don't Be A Wall Street Fool
Reminiscences of a Stock Operator by Edwin Lefèvre and Roger Lowenstein is one of the most powerful investment books every written. Many people believe the book outlines the story of Jesse Livermore, one of the most famous stock market operators in history. The book contains a wealth of wisdom and...
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Follow The Yellow Brick Road!
Adam Sarhan, CEO and Founder of Sarhan Capital, announces his foray into blogging in this introductory blog post...
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