As a market timer, the one thing we must always remember is that the markets can, and most definitely will, throw every possible hardball, curve ball, fast ball, knuckle ball, etc. at us. The reason we invest in the stock market is because we recognize the huge potential for profits. But we are not in [...]
As with anything, it’s extremely important to begin with a solid foundation in the world of money and generating income. So let’s begin there… In the world of money, there are two types of income. Linear income and residual income. “How many times do you get paid for every hour you work?” If you only [...]
If you have read my article on Pareto charts this will probably make more sense to you. Root cause analysis is another tool that traders could benefit from. I know that some of these things do not seem trading related, but you can improve results with them. When all is said and done results are [...]
Dollar cost averaging (DCA) is a technique designed to reduce market risk through systematic purchase of securities at predetermined intervals and set amounts. If you participate in your company’s 401K plan, knowingly or unknowingly, you are practicing dollar cost averaging. Each pay period your company deducts a specified dollar amount from your paycheck; the plan [...]