Get Inspired. Do the work. Be great. Thanks #Kobe
"now you do that and as the years go on the separation that you have with your competitors grows larger and larger"
Get Inspired. Do the work. Be great. Thanks #Kobe
"now you do that and as the years go on the separation that you have with your competitors grows larger and larger"
@WilsonAirLaw@PaulPortesi Notes on hedging:
1) Nothing is certain--not even FDIC insurance--so check your assumptions thoroughly
2.) Make sure your hedge is as deterministic as possible e.g. option contracts with little counterparty risk.
3.) Cybersecurity risk when dealing with something like bitcoin
There's not a high enough thinking-to-reading ratio. The drive to read more books is wonderful, but not to where time spent pondering their pages feels less productive.
"Reading furnishes the mind only with materials of knowledge; it is thinking that makes it ours."
-John Locke
For new traders: it's important to remember trading is hard, and it takes years of hard work and sacrifice to learn. It's a slow, long-term way to make money. Anyone promising anything different probably isnt being honest with you & likely has their own interests in mind.
Having risk management determines if you will be profitable. Being gifted at charts, order flow, momentum, trends... determine how quickly and efficiently you will grow your account. Noone wants to talk about risk managment bc it's not flashy to sell a service. But it's #1.
@nirvana_sedart I used to as well, but it seems to depend heavily on the specifics of the trip. There's huge variation in the price paid for a seat in 1st
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