Podcasts about stock operator

If you want to grow your advisory business by bringing on new clients, you have to get three things right: Your marketing, messaging and meetings. Marketing: You have to attract the right prospects and repel the wrong ones. Messaging: You have to connect with the prospect. Meetings: You have to create an experience that infuses trust and clarity. Most advisors execute one or two of these at a high level. But those excelling at all three are growing the fastest.  David Armstrong, President and Co-founder of Monument Wealth Management, shares how they have married all three to propel the firm's growth. You'll Learn:  Why SEO might be dying as a marketing strategy The “Monument Blueprint Process” to go from prospect to client The 'Peanut Butter and Jelly' fit strategy for ideal client relationships The future of search and the importance of content in AI-driven results How they use whiteboards for a collaborative and visual discovery meeting *To sign up for Brendan's newsletter packed with resources to master the human side of advice → Click Here Resources: Perplexity AI Turo Carsharing Company Financial Advisor Magazine 125: Building A Screening Process To Identify Perfect-Fit Prospects Ready To Act with Dr. Meghaan Lurtz Your Money and Your Brain by Jason Zweig Reminiscences of a Stock Operator by Edwin Lefèvre Zero To One by Peter Thiel and Blake Masters Connect with Brendan Frazier:  RFG Advisory LinkedIn: Brendan Frazier Connect with David Armstrong:  Linkendln: David B Armstrong Monument Wealth Management Instagram: @monumentwealth Moments in Leadership About Our Guest:  David Armstrong is the president and co-founder of Monument Wealth Management, an RIA based in the DC area, recognized as one of America's top RIAs by Financial Advisor Magazine. Monument Wealth Management is dedicated to providing unfiltered opinions and straightforward advice, which sets them apart from the typical industry offerings. David also hosts the "Moments in Leadership" podcast, where he shares his expertise on leadership and wealth management. The firm's approach focuses on delivering practical, no-nonsense advice to clients in an often crowded market. To learn more about Monument Wealth Management and their unique approach to financial advisory, visit their website at www.monumentwealthmanagement.com. — Content here is for illustrative purposes and general information only. It is not legal, tax, or individualized financial advice; nor is it a recommendation to buy, sell, or hold any specific security, or engage in any specific trading strategy. Information here may be provided, in part, by third-party sources. These sources are generally deemed to be reliable; however, neither our guest nor RFG Advisory guarantee the accuracy of third-party sources. The views expressed here are those of our guest. They do not necessarily represent those of RFG Advisory, its employees, or its clients. This commentary should not be regarded as a description of advisory services provided by RFG Advisory, or performance returns of any client. The views reflected in the commentary are subject to change at any time without notice. Securities offered by Registered Representatives of Private Client Services. Member FINRA / SIPC. Advisory services offered by Investment Advisory Representatives of RFG Advisory, LLC (“RFG Advisory or “RFG”), a registered investment advisor. Private Client Services and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place. RFG Advisory is an SEC-registered investment adviser. SEC registration does not constitute an endorsement of RFG by the Commission,

"You have to, create your own library of Alexandria. And the great thing is you can do it topic by topic. Someone sends you a book recommendation? Great. Buy it on Kindle, stick it in the Notebook [LM], right? You'll get there eventually, but it's part of your searchable database from today because, I've taken it on recommendation from someone I trust." -Rupert Mitchell, Blind Squirrel Macro--This week, Chase interviews his brain doppelgänger and good friend, Rupert Mitchell, of Blind Squirrel Macro. Rupert began his finance career on the sell side of Investment Banking (pick one, he worked there) and also ran the equity syndicate desk in Hong Kong. Rupert began Blind Squirrel Macro as a way to connect with people about investing. His apt tag line is “Macro for Civilians” and this conversation stays on brand. Enjoy all of Rupert's thoughts on space, his thankfulness for the power of a targeted ETF, and most importantly, how to approach A.I. agnostically. We must have Rupert back, because we barely scratched the surface in this episode! --Timestamps:(00:01) – Intro(04:03) – Why Rupert loves the market(06:52) – How Rupert structures his trade ideas(12:19) – ETF providers need some love(14:37) – Early wins can be dangerous (16:46) – Living in Australia gives you an edge (23:40) – Will there ever be a Bloomberg [terminal] killer?(26:53) – Oil (29:56) – Rupert is the new champion for the old book question(35:10) – A.I. can't strip us of beautifully written words(37:37) – It's inevitable that you get trades right for the wrong reasons(40:08) – Be Agnostic about A.I.(46:17) – How Rupert collects dots(55:42) – Plugs --This Episode's Charity:This week's episode features causes close to Rupert's heart: Guide Dogs Australia & Search and Rescue Dogs of Australia. Unfortunately, Rupert didn't slip once, so we couldn't help the best of Australia's dog professionals. But you can by checking out these great charities! --Referenced in the Show:So many ETFS: Simplify's TUA & PFIX, Range's NUKZ & LNGZ, Cathie Wood's Space ETF, & Procure's UFOAI Tools for an informational edge: Harkster, NotebookLM, & FinChatOther great Podcasts/Radio: Commodity Context & Desert Island DiscsBooks: Reminiscences of a Stock Operator, Dostoyevsky's The Gambler, Annie Duke's

In episode 741 of QAV, Tony and Cam discuss fear and greed with quotes from "Reminiscences of a Stock Operator", analyse West African Resources' (WAF) market situation due to Burkina Faso's political climate, Bank of Queensland's (BOQ) franchise strategies, Tony's attempts to get ChatGPT to help with the Kelly Criterion, answer a question about US Dummy Portfolio Strategy, and discuss insights on price-to-cash flow ratios from 'What Works on Wall Street' by O'Shaughnessy. The 'Pulled Pork' section features an in-depth look at Adairs (ADH) and its new strategic direction. And, of course, After Hours.

The S&P 500 has reached unprecedented heights, achieving 30 all-time highs in 2024. But with the ongoing bull market, interest rate cuts from the Fed, and an impending election, should investors consider securing their profits? In today's podcast, we draw valuable insights from the timeless classic, "Reminiscences of a Stock Operator," the biography of Jesse Livermore, a legendary investor known for his spectacular successes and catastrophic failures. As we reflect on Jesse's remarkable journey, our Chairman, Brian, shares key takeaways. Using Jesse's experiences as a backdrop, we tackle crucial questions: - Can taking profits lead to financial ruin? - How should investors respond to the Fed's rate cuts: focus on overseas markets or small-cap companies? - What's behind Brian's unflappable calm in the face of market volatility? Here's to wise investing, Brett Pattison and Brian Hunsaker

In this episode, we do a deep dive into 'Reminiscences of a Stock Operator' by Edwin Lefèvre, detailing Jesse Livermore's life and lessons. We give AU and U.S. portfolio updates, some discussion about interest rates and the housing market, say goodbye to VUK, keep an eye on the iron ore price, reveal TK's recent mistakes, and talk through a quote from 'What Works on Wall Street' by O'Shaughnessy. The 'Pulled Pork' segment looks at one of our U.S. investments, American retailer Lands' End (LE), its history and recent quarterly results.

In this conversation, Kathy and Liz Ann discuss quotes and sayings from industry legends that have resonated with them over the years. You can read Liz Ann's article about her reminiscences in the industry and watch the clip of Marty Zweig calling the crash of '87 on YouTube. Kathy and Liz Ann also talk about the Federal Reserve's annual conference at Jackson Hole, Wyoming, and why the economic symposium takes place there. Then, they dig into the Bureau of Labor Statistics' benchmark revisions to the annual payroll data and the market's reaction to the revised numbers. They agree that it's unlikely the Fed will cut 50 basis points in September.Finally, Kathy and Liz Ann provide their outlook for the next week's economic data and market events.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.  All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.  Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.  Investing involves risk, including loss of principal.  The information and content provided herein is general in nature and is for informational purposes only. It is not intended, and should not be construed, as a specific recommendation, individualized tax, legal, or investment advice. Tax laws are subject to change, either prospectively or retroactively. Where specific advice is necessary or appropriate, individuals should contact their own professional tax and investment advisors or other professionals (CPA, Financial Planner, Investment Manager) to help answer questions about specific situations or needs prior to taking any action based upon this information.  Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.Futures, and Futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options prior to trading futures products.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data.The books Reminiscences of a Stock Operator, Market Wizards, Random Walk Down Wall Street, The Money Game, Extraordinary Popular Delusions and The Madness of Crowds, and Against the Gods are not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Schwab has not reviewed the books and makes no representations about their content.(0824-M7F0)

There are timeless principles that underlie stock trading. In this episode we discuss Reminiscences of a Stock Operator, considered by many to be a classic work in the space. First published in 1923, Reminiscences of a Stock Operator by Edwin Lefevre is a fictionalized biography based on the career of legendary stock trader Jesse Livermore. Through the first-person recounting of protagonist Lawrence Livingston's career, Lefevre imparts hard won stock trading lessons. Through many booms and busts Livingston grows and forms a deeper understanding of the principles that underlie the market as well as the forces that propel it. The fictionalized biography has minimal personal anecdotes, concentrating almost wholly on Livingston's career and the events that shape the US economy during his exploits from the 1890s through to the 1920s. We were pleased to be joined by investor and entrepreneur Brad Mills on this episode, a huge fan of the book. Show Notes Reminiscences of a Stock Operator by Edwin Lefevre via Amazon Brad Mills's Website Brad Mills on Instagram Follow us on X @BusinessBooksCo and join our Amazon book club. Edited by Giacomo Guatteri Find out more at http://businessbooksandco.comRead transcript

“But I'm buying stuff where, revenue's growing rapidly. I'm buying stuff where value creation is happening rapidly. I'm buying, you know, growth momentum names. I'm buying them before anyone else realizes that they're growth momentum names...they're still valued like uh, value stocks. If you look at this sort of stuff we're doing, we call it--, I call it inflection investing for lack of a better word, but they tend to be industries that have destroyed a lot of capital that have bored people to death, that give people PTSD.” -Kuppy, Praetorian Capital --Kuppy has been a great friend to Chase since he started PMR. This week they discuss position sizing, what inflection investing really means, how to spot the convergence of cyclical and secular tailwinds, and most importantly, how getting away from the markets allows you to express your trades more effectively. Kuppy's approach to investing is bold, well researched, and decisive. We also discussed how he decided to stop missing stuff with the inception of Kuppy's Event Driven Monitor (KEDM). --Timestamps:(00:00) - Intro(01:46) – Kuppy is a value investor that makes money(02:58) – Charity of Choice: Sugar Pine Foundation(04:09) – Roman History isn't a real major (06:03) – Inflection investing is momentum investing with a value overlay (09:28) – Middleman companies provide the best value?(09:46) – Cyclical sectors with secular change(12:02) – Find ways to be out of the office(12:46) – Kuppy makes the chart (12:55) – Fundamental Momentum(13:42) – Exit criteria: When something better comes along(15:40) – Sizing of trades: There's not enough good ideas to trade small positions(19:54) – Get away from granularity unless it's earnings season(24:42) – Massive events still take weeks to figure out (26:25) – Surfing – no phones allowed(28:20) – Good food and good weather for good living(29:13) – Being wrong isn't personal. Get out before you change your mind (31:39) – Between Two Pines (35:21) – Sidestep the politics and sales pitches of corporate management leadership(40:45) – KEDM – Kuppy got tired of missing stuff(46:16) – Tomorrow's Gold by Marc Faber & Reminiscences of a Stock Operator by Edwin Lefèvre and Roger Lowenstein(47:00) – Sleepwalking into YCC(48:04) – Kuppy reaches out the finance circle for “smell tests”(49:23) – Luck in trades because of long timeline horizons(51:46) – Plugs --This Episode's Charity:The Sugar Pine Foundation began in 2004.They are dedicated to restoring sugar pines in the Lake Tahoe National Forest in California. Donate here: https://sugarpinefoundation.org/get-involved/donate --Referenced in the Show:Kuppy's Book Recommendations: Tomorrow's Gold by Marc Faber &Reminiscences of a Stock Operator by Edwin Lefèvre and Roger Lowenstein --Guest Plugs:Kuppy's X : https://twitter.com/hkuppy Praetorian Capital : https://pracap.com/ Kuppy's Event Driven Monitor (KEDM) :

Guest: James Check, (Checkmate) Lead Onchain Analyst, Glassnode, Bitcoin Onchain Analyst Check on Chain  Host: RA George, Blockchain DXB Contact Info: James Check & Glassnode Glassnode Website - https://glassnode.com/ LinkedIn - https://tinyurl.com/nznh9d44 Telegram- https://t.me/glassnode Youtube - https://www.youtube.com/glassnode Twitter - @glassnode https://twitter.com/glassnode James Check Twitter @_Checkmatey_ https://tinyurl.com/y37j52w9 Substack- https://substack.com/@checkonchain Check on Chain : https://www.checkonchain.com/ Summary of the conversation - James discussed a report he's preparing on the bull and bear cases for cryptocurrency, released on May 1st. - He shared his journey into the cryptocurrency space, particularly focusing on Bitcoin, as well as his background in civil engineering, emphasizing risk and probability. - James highlighted his role as Lead Onchain Analyst for Glassnode, focusing on Bitcoin and Ethereum, incorporating competencies from his civil engineering background. - He defined Bitcoin as a mechanism for storing time, contrasting it with fiat currency's money printing. - Explained Glassnode's role in providing onchain data analysis for traders and institutional investors, highlighting its benefits for individuals and businesses. - Discussed the use of onchain data and its various patterns and insights, including the weekly insights report. - Considered key dates like the FOMC meeting on May 1st and discussed metrics such as outflows and price corrections. - Explored Bitcoin halving and its implications, referencing an interview with YouTuber "Pepperstone" and Glassnode's institutional report with Coinbase. - Examined the impact of stablecoins and other reports Glassnode looks at. - Detailed Glassnode's data extraction processes and challenges in explaining services to clients. - Explored psychological behaviours identified through onchain analysis, sharing a 2021 incident. - Discussed the legitimacy of onchain analysis and Glassnode's competitive advantage. - Recommended the book "Reminiscences of a Stock Operator" and discussed Check on Chain, James' personal project. - Explored Bitcoin's white paper and its significance, along with investment portfolios for High Net Worth Individuals and Institutions. - Discussed Glassnode's use of AI and its impact on the onchain analyst role. - Explored the philosophical implications of Bitcoin as sound money and its role in the future. - Considered Bitcoin halving and related onchain metrics, comparing 2020 and 2024 halvings. - Shared thoughts on ordinal inscriptions and runes, discussing personal use cases. - Discussed Ethereum metrics and challenges, as well as the potential impact of the 2024 US elections on Bitcoin and cryptocurrencies. - Concluded with a discussion on James' music genre preferences and highlighted key information about Glassnode and Check on Chain. Thank you for the podcast. For feedback or suggestion send email to info@blockchaindxb.com

In this episode, Nik is joined by Jack Farley, host of the Forward Guidance podcast. Jack and Nik discuss their favorite books on finance and global macroeconomics. From banking history to financial markets to science fiction, Jack discusses what he loved about each book and inquires about Nik's background as a money markets and Treasury repo trader. Books and authors mentioned during this recording: Lords of Finance by Liaquat Ahamed Debt: The First 5000 Years by David Graeber Reminiscences of a Stock Operator by Edwin Lefèvre New York 2140 by Kim Stanley Robinson The Price of Time: The Real Story of Interest by Edward Chancellor When Genius Failed by Roger Lowenstein Adam Tooze Bethany McLean Barry J. Eichengreen The Bitcoin Layer is brought to you by River. Visit http://River.com/TBL and earn up to $100 in bonus Bitcoin when you buy. Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL's research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: https://twitter.com/TheBitcoinLayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer and its guests do not provide investment advice. Block Height 840573 #TheBitcoinLayer Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia #FinanceBooks #MacroEconomics #BankingHistory #FinancialMarkets #ScienceFictionBooks #BookRecommendations #FinancialLiterature #GlobalEconomics #MoneyMarkets #TreasuryRepo #PodcastDiscussion #BookLovers #FinancialEducation #InvestmentBooks #EconomicReading #FinancialPodcast #BookTalk #FinancePodcast #FinancialAnalysis #EconomicInsights #InvestmentReading #MarketAnalysis #BookReviews #FinancialPodcasting #MacroAnalysis #InvestmentTips #EconomicBooks #FinancialKnowledge #ReadingList #InvestorEducation #FinancePodcasts #EconomicDiscussion #FinanceCommunity #BookDiscussion #EconomicPodcasts #FinancialInnovation #MarketTrends #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #RiverBitcoin #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macroSubscribe to The Bitcoin Layer on Soundwise

In today's competitive financial markets, staying abreast of changes is crucial.Join us on Average Joe Finances as our guest Tony Saliba shares how he managed to adapt to different financial scenarios by harnessing his superpower—the 'what ifs.' His early struggles and the gradual development of his risk-averse trading methodology form a compelling narrative of dedication, acumen, and adaptability.What you'll learn in this episode:Benefits of options trading, aligning with individual investing ideas and risk profiles, elucidating its value for those with limited capital.The importance of continuous learning, recommending readings such as "Reminiscences of a Stock Operator" and "Market Wizards".The importance of a sounding board for trading, underlining the effectiveness of collaboration and mentorship.And so much more!Key Moments:00:00:40 Tony's Journey into the World of Finance00:03:04 Tony's Early Career and Challenges00:03:59 Transition into Technology and Entrepreneurship00:04:43 Reflecting on Tony's Career Shifts and Decisions00:05:00 Tony's Tech Innovations in Trading00:07:43 The Impact of Tech on Trading and Business00:19:45 Tony's Superpower and Entrepreneurial Mindset00:24:52 The Motivation Behind the Hustle00:26:43 Journey of Building and Handing Over00:27:01 Future Plans and Legacy00:28:02 Transition from Stocks to Crypto00:28:51 Introduction to Bitcoin00:30:41 Launch of Mercury Digital Assets00:32:45 The Future of Tokenization00:33:56 The Impact of Blockchain on Real Estate00:34:52 Tokenization of Artwork00:38:01 Future of Digital AssetsFind Tony Saliba on:Website: https://liquidmercury.com/LinkedIn: https://www.linkedin.com/in/tonysalibaAverage Joe Finances®All of our social media links and more: https://averagejoefinances.com/linksAbout Mike: https://mikecavaggioni.comShow Notes add-on continued here: https://averagejoefinances.com/show-notes/*DISCLAIMER* https://averagejoefinances.com/disclaimerSee our full episode transcripts here: https://podcast.averagejoefinances.com/episodesSupport the show

Jesse Lauriston Livermore was a famed American stock trader known for his huge successes and devastating failures in the early 20th century. Starting as a "chalkboard boy" in a Boston brokerage, he became hugely wealthy as a trader first in "bucket shops" and then on the exchange in New York.  Livermore made millions in the Panic of 1907, the roaring 20's and in the 1929 market crash. His experiences are chronicled in the classic "Reminiscences of a Stock Operator" by Edwin Lefèvre.Despite his legendary wins, Livermore went bankrupt numerous times and faced personal challenges, culminating in his tragic suicide in 1940. His legacy endures as an influential figure in financial history.Books:Jesse Livermore – The Man Who Sold America Short by Tom Rubython: https://amzn.to/3vWOrCAJesse Livermore – Worlds Greatest Stock Trader by Richard Smitten: https://amzn.to/47QO3TmJesse Livermore – Speculator King by Paul Sarnoff: https://amzn.to/47R9jIvReminiscences of a Stock Operator by Edwin Lefèvre: https://amzn.to/496874UHow to Trade in Stocks by Jesse Livermore: https://amzn.to/4baKom1Online SourcesNew York Times Time Machine: https://timesmachine.nytimes.com/browserTime Magazine Archives: https://content.time.com/time/subscriber/article/0,33009,847596-2,00.html Wikipedia: https://en.wikipedia.org/wiki/Jesse_LivermorePatrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleOff-Plan On AirWeekly insight into the world of off-plan real estate investment in Dubai, UAE, with...Listen on: Apple Podcasts Spotify All Business. No Boundaries.Welcome to All Business. No Boundaries, a collection of supply chain stories by DHL...Listen on: Apple Podcasts Spotify Support the show

The annual episode we've all been waiting for… What happened in the US market in 2023? How can we expect the market to perform in 2024? Tune in to find out!    In this Off the Wall Market Update, hosts David Armstrong, CFA and Jessica Gibbs, CFP® are joined by Monument's portfolio management team Erin Hay, CFA and Nate Tonsager, CIPM®.    Listen in to hear their market recap for 2023 and outlook for 2024 – reviewing the US market's best and worst performing sectors of last year, the stock rally of Q4 2023, and how experts' 2023 market outlooks compared to actual market performance.    Then, the team shares their thoughts on what might be ahead for the markets and the economy in 2024, including inflation, Fed rate cuts, affordability of housing, equity markets, the presidential election, and more.    Plus, the essential things you need to be a great investor in 2024 and beyond. Finally, you'll get to hear who won the great Jimmy John's sandwich bet of 2023.    “Investors shouldn't be adjusting their portfolios based on what the market outlook says. You should only focus on your needs for long-term growth and short-term liquidity.” – David B. Armstrong, CFA®    Stay tuned for more amazing content coming your way in 2024!    Episode Timeline/Key Highlights:  [01:42] 2023 Market Summary – What happened in 2023?  [12:16] What experts' 2023 market outlooks said vs. how the market actually performed in 2023.  [21:46] Is the economy out of the woods?  [23:32] What we're most pessimistic about for the 2024 market and economy.  [29:26] What we're most optimistic about for the 2024 market and economy.  [36:50] Predictions on inflation in 2024: Will inflation go up or down or stay the same this year?  [40:08] Predictions on Interest rates in 2024: Will interest rates go up or down this year?  [42:05] Our most important advice to investors as we enter 2024.   [48:32] Were our 2023 predictions correct? + Our predictions for 2024.    Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.      Resources Mentioned:  Give us your feedback! Take our survey: https://bit.ly/3RZp77h  Subscribe to our blog: https://bit.ly/MonumentWealthBlog  Matt Levine on Bloomberg: https://bloom.bg/3TUGEii  Reminiscences of a Stock Operator by Edwin Lefèvre: https://amzn.to/3vwG8gm    Follow our Asset Management team on LinkedIn:  Erin Hay https://www.linkedin.com/in/erinhay  Nate Tonsager https://www.linkedin.com/in/nate-tonsager    Connect with Monument Wealth Management:  Visit our website: https://bit.ly/monumentwealthwebsite   Follow us on Instagram: https://bit.ly/MonumentWealthIG   Follow us on X: https://bit.ly/MonumentWealthTW   Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI   Connect with us on Facebook: https://bit.ly/MonumentWealthFB   Connect with us on YouTube: https://bit.ly/YouTubeMWMFit    About “Off the Wall”:  OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.    Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.   

Recorded 12-12-23 Media Picks (some links are affiliate) Against the Gods: https://amzn.to/3GVklkZ Reminisces of a Stock Operator: https://amzn.to/41C7i1b The Intelligent Investor: https://amzn.to/4awqqSw The Little Book of Value Investing: https://amzn.to/3vbYgMt Morgan Housel Psychology of Money: https://amzn.to/47dKfLF State of the Markets Podcast: Presented by Tim Price and Paul Rodriguez follow on X --- Send in a voice message: https://podcasters.spotify.com/pod/show/stateofthemarkets/message

Chapter 1 Understand the idea behind Reminiscences Of A Stock Operator"Reminiscences of a Stock Operator" is a fictionalized biography of the trader and speculator Jesse Livermore. It was written by American author Edwin Lefèvre and first published in 1923. The book follows the life and career of the protagonist, Larry Livingston, loosely based on Livermore's own experiences.The narrative is set in the early 1900s, during a time of rapid economic growth and financial speculation. It explores the inner workings of the stock market, as Livingston makes and loses fortunes through his trading endeavors. The book delves into the psychological and emotional aspects of trading, providing insights into the mindset and strategies of successful traders."Reminiscences of a Stock Operator" is widely regarded as a classic in the field of trading and investment. It offers timeless lessons on the importance of discipline, risk management, and the understanding of market psychology. Many traders and investors consider it an essential read for gaining a deeper understanding of the stock market and honing their own trading skills.Chapter 2 Is Reminiscences Of A Stock Operator Worth the Hype?Yes, "Reminiscences Of A Stock Operator" by Edwin Lefèvre is widely regarded as a classic and highly recommended book for anyone interested in stock market trading and investing. It is based on the life and experiences of Jesse Livermore, one of the most successful stock traders in history, and provides valuable insights into market psychology, risk management, and the importance of discipline in trading. Many traders and investors find the book to be entertaining, informative, and timeless in its lessons.Chapter 3 Overview of Reminiscences Of A Stock Operator"Reminiscences of a Stock Operator" is a fictionalized biography that follows the life and trading career of Jesse Livermore, one of the most successful and influential stock traders in Wall Street history. The book was written by Edwin Lefèvre and first published in 1923.The story begins with Livermore as a young boy in a small town, where he develops an early fascination with the stock market. He learns the basics of trading from his father and starts making his own investments. However, he soon realizes that he has a natural talent for reading market trends and making profitable trades.Livermore eventually moves to New York City and begins trading in the stock exchange, where he quickly gains a reputation as a skilled speculator. He experiences both huge wins and devastating losses throughout his career, learning valuable lessons about the psychology of trading along the way.The book highlights various techniques and strategies that Livermore employs to achieve his success, including playing both long and short positions, following trend lines, and managing risk. He also emphasizes the importance of understanding market sentiment and controlling emotions during trading.Throughout the story, Livermore faces personal challenges, such as his struggle to maintain relationships and his tendency to overtrade. He must constantly battle with his own self-doubts and impulsive behavior, which often lead to losses."Reminiscences of a Stock Operator" provides readers with insights into Livermore's trading philosophy and offers valuable lessons to aspiring traders. It explores the psychological aspects of trading and the importance of discipline, patience, and risk management.Overall, the book is seen as a classic in the field of finance and trading, providing a timeless account of one trader's journey and offering...

Oh, this episode is a really, really good episode.Incorporate what hedge fund manager Jason Lieber has to say and you'll be in a much better financial frame of mind.Contact Jason Lieber at Jason@mydacapital.com✬ SPONSORS OF EPISODE 59 ✬ ► COLEL CHABAD: Please help Israel's neediest! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! ► APPROVED FUNDING: Looking to purchase a home? Looking to get involved in real estate? Speak to Shmuel Shayowitz at https://approvedfunding.com/Shmuel/ to make sure you do it right. ► TWILLORY: Get $18 OFF your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI (which means 18 in Hebrew) at https://Twillory.com/KosherMoney - Limited Time Offer, On a $139 Purchase. ENJOY! Jason's Book Recommendations:Reminiscences of a Stock Operator: https://amzn.to/3ECUbT0Liar's Poker: https://amzn.to/3ZgHpDfHow to Make Money in Stocks: https://amzn.to/46aUaRZFollow Kosher Money on social media: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Follow Living Lchaim on social media: TikTok - https://www.tiktok.com/@livinglchaim Instagram - https://www.instagram.com/livinglchaim/ Facebook - https://www.facebook.com/livinglchaim LinkedIn - https://www.linkedin.com/company/living-lchaim Free call-in-to-listen feature: • USA: 605-477-2100• UK: 0333-366-0154 • ISRAEL: 079-579-5088 Need financial guidance? Get help from our friends at https://LivingSmarterJewish.org/ Submit your questions to hi@LivingLchaim.com or WhatsApp us at 1-914-222-5513 - we love feedback, legit! For bonus content on our episodes, visit http://Mishpacha.com or pick up a new Mishpacha magazine weekly! Subscribe to our YouTube channel for more awesome content! :) More shows here: https://www.livinglchaim.com/ Hosted on Acast. See acast.com/privacy for more information.

Today's guest is Liz Ann Sonders, the Chief Investment Strategist of Charles Schwab. In today's episode, Liz Ann starts off by sharing some timeless lessons from her mentor, the great Marty Zweig! Then she shares her view of the economy and markets. She touches on earnings estimates, expectations for the Fed, market breadth, and where she sees opportunity going forward. (1:08) - Welcome Liz Ann to the show (1:28) - How Marty Zweig's sentiment indicators had a lasting impact on Liz Ann Sonders' approach (5:26) - Marty Zweig's Investing Rules (5:42) - Reminiscences of a Stock Operator (7:30) - Rukeyser's advice to Liz Ann: Explain finance so non-finance parents understand (10:01) - Understanding rolling recessions: A pandemic-era phenomenon (12:54) - Unprecedented weakness in leading indicators (LEI) hints at potential recession (15:49) - Housing market varies between existing/new and single/multifamily homes (19:27) - Fed's future path unclear (24:39) - Market's unpredictability and rich multiples require earnings growth for justification (39:30) - Emphasizing international diversification, especially in Japan (42:30) - Investors are turning to treasuries for yield (47:11) - Why this year feels like a "wall of worry" market (48:11) - Why the "get in, get out" approach to investing is gambling, not disciplined strategy (51:03) - What investment belief Liz Ann holds that most of her professional peers do not Learn more about Liz Ann: Charles Schwab; Twitter; ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Sponsor: Future Proof, The World's Largest Wealth Festival, is coming back to Huntington Beach on September 10-13th! Over 3,000 finance professionals and every relevant company in fintech, asset management and wealth management will be there. It's the one event that every wealth management professional must attend! Sponsor: Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

"Reminiscences of a Stock Operator" by Edwin Lefèvre is a fictionalised biography based on the life and experiences of Jesse Livermore, a famous stock trader.  Jesse Livermore is considered a pioneer of day trading and at one time, Livermore was one of the richest people in the world;  Some of Livermore's trades, such as taking short positions before the 1906 San Francisco earthquake and just before the Wall Street Crash of 1929, are legendary within investing circles. However, he eventually committed suicide, largely due to the amount of leverage he took on and at that time he had liabilities greater than his assets. Some observers have regarded Livermore as the greatest trader who ever lived, but others have regarded his legacy as a cautionary tale about the risks of leverage to seek large gains rather than a strategy focused on smaller yet more consistent returns. The book provides insights into the mindset, strategies, and challenges faced by a successful speculator in the stock market during the early 20th century. 

I was trading part-time for about 18 years before building the capital to finally leap into full-time trading and entrepreneurship. I'd likely still be struggling if it weren't for the following traders and trading books. In this episode we're going to discuss the following: 1. William O'Neil (How To Make Money In Stocks) 2. Mark Minervini (Think and Trade Like a Champion, Mindset Secrets for Winning) 3. Van Tharp (Super Trader) 4. Mark Douglas (Trading in the Zone) 5. Adam Sarhan (Psychological Analysis) 6. Stuart Chalmers - friend and coach at marawealth.com 7. Nicolas Darvas (How I Made 2 Million In The Stock Market) 8. Jesse Livermore (Reminscences of a Stock Operator by Edwin Lefreve) 9. Stan Weinstein (Secrets to Profiting In Bull and Bear Markets) We've moved the show and will be streaming LIVE Monday through Friday at 11:30 am EST on Instagram https://www.instagram.com/michaelglamothe/ Facebook: https://www.facebook.com/MaraWealth⁠⁠⁠ YouTube: https://www.youtube.com/marawealth Twitter: https://twitter.com/MichaelGLamothe⁠⁠⁠ LinkedIN: https://www.linkedin.com/in/michaelglamothe/

Erik sits down with independent analyst Benedict Evans for a wide-ranging discussion of predictions and frameworks spanning the vast realm of technology - where we've been, where we're going, and what really matters. AI scout and podcast host Nathan Labenz (The Cognitive Revolution) joins for the last 20 minutes to deepen the discussion on AI. If you're looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/UPSTREAM -- We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com. RECOMMENDED PODCAST:  Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today's major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff TIMESTAMPS: (00:00) Episode preview (02:47) Benedict's annual presentations and frameworks for “the next thing” (08:00) Are Netflix and Tesla tech companies? (13:59) Why hasn't software ‘eaten' certain industries and fields? (15:47) Sponsors: Secureframe (19:30) Preconditions for predictions (25:30) Overhyped/underappreciated aspects of Web3 and Crypto (29:25) Blockchain, and Benedict's prediction for decentralization (35:00) Building the next Twitter (44:33) Predictions for metaverse and VR (50:52) Consumer surplus and business models (52:37) AI predictions (56:22) Opportunities in AI (01:02:58) Bundling and unbundling lens on AI (01:07:35) Future of jobs (01:16:00) Predictions for Benedict's next presentation LINKS: Presentations: https://www.ben-evans.com/ Book recommendation: Reminiscences of a Stock Operator by Edwin Lefèvre https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%25C3%25A8vre/dp/0471059684#:~:text=First%2520published%2520in%25201923%252C%2520Reminiscences%2520of%2520a%2520Stock%2520Operator%2520is,recommended%2520investment%2520book%2520ever%2520written?&_encoding=UTF8&tag=turpentine-20&linkCode=ur2&linkId=19fa33d3202c6df062385946b9ec3743&camp=1789&creative=9325 TWITTER: Erik's Twitter: @eriktorenberg Benedict's Twitter:@benedictevans Please support our sponsors: Shopify | Secureframe  -Shopify: https://shopify.com/torenberg for a $1/month trial period Shopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of all ecommerce in the US. And Shopify's the global force behind Allbirds, Rothy's, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries. From their all-in-one ecommerce platform, to their in-person POS system – wherever and whatever you're selling, Shopify's got you covered. Sign up for $1/month trial period: https://shopify.com/torenberg. - Secureframe: https://secureframe.com/ Secureframe is the leading all-in-one platform for security and privacy compliance. Get SOC-2 audit ready in weeks, not months. I believe in Secureframe so much that I invested in it, and I recommend it to all my portfolio companies. Sign up for a free demo and mention UPSTREAM during your demo to get 20% off your first year. Secureframe has just released Secureframe Trust, a new product that lets you showcase your organization's security posture to build customer trust.

Episode 301: Reminiscences of a Stock Operator is discussed by Justin & David for the Friendly Bear Book Club. The Friendly Bear Book Club will be introducing and reviewing all types of books that relate to trading. In this episode, Justin & David go over the key take-aways from the book Reminiscences of a Stock Operator and how you can apply the lessons learned into your trading and understanding of markets.BookAuthor: Edwin LefèvreTitle: Reminiscences of a Stock OperatorSocial MediaJustin RobertsonTwitter: butwouldyaInstagram: butwouldyaYouTube: ButWouldYaDavid CapablancaInstagram: reverselongTwitter: reverse_longYouTube: Friendly Bear ResearchYouTube: The Friendly Bear Book Club  Cobra Trading Click the link and get 33% off commissions for life as well as one month of free DAS Trader Platform

What does it take to build teams that span careers and create revenue?  The first guys we've ever had on the show break it down for us. Chris Hempstead is a Managing Director and Head of ETF and AP Portfolio Rebalance Trading at Mirae Asset Securities. Dave LaValle is a Senior Managing Director and Global Head of ETFs at Grayscale Investments, the world's largest digital currency asset manager. Both men are family guys, married to amazing women, who must just get them. You'll see what we mean.  Kristine Delano sometimes guides the conversation and sometimes just lets it flow, but in the end you'll get a good sense of what it takes to be on a team that just works.   Listen on your favorite podcast platform. We Talk Careers Podcast. Follow on Instagram kristine.delano.writer  Visit www.womeninetfs.com to find additional support in the ETF industry.  Go to www.kristinedelano.com for your Thrive Guide: a compilation of the most requested and insightful advice from our guests on Leadership and Advancement. Book recommendation: Reminiscences of a Stock Operator by Edwin Lefevre

Chapters: 00:00 Introduction 02:15 Old Regime vs New Regime 07:30 Benefits for Freelancers and Small Business Owners (Presumptive taxation) 12:51 Benefits for Investors 17:23 Conclusion Follow CA Nirha Desai on LinkedIn: https://www.linkedin.com/in/ca-nirha-desai-83149195/ Follow KR: Website: https://krun.al/ Twitter: https://twitter.com/MarketsWithKR LinkedIn: https://www.linkedin.com/in/krunalrindani/ Instagram: https://www.instagram.com/stockmarketswithkr/ My favourite business/finance/investing books: The Almanack of Naval Ravikant (free eBook): https://www.navalmanack.com/ The Hard Thing About Hard Things: https://amzn.to/34d5orj Reminiscences of a Stock Operator: https://amzn.to/3bDCNPM The Unusual Billionaires: https://amzn.to/3ykT5qJ The Psychology of Money: https://amzn.to/3oyuL03 Zero to One: https://amzn.to/3v5Pzyn If you buy anything using these links, I may earn a small commission, but it won't cost you anything extra. So please use them as it helps support my efforts to make finance accessible for all :) FREE Beginners course on the stock market: https://www.youtube.com/playlist?list=PLMTsrjnnlw8G2klYWx0xSld17zDZHNcTi For access to a position sizing calculator, trade checklist and trade log, please comment below and send me a message on any of my social media platforms! --------- Disclaimer: I'm not registered with SEBI. Everything I talk about is purely for educational and informational purposes only. None of this is financial advice or a recommendation or a tip. Please consult with your financial advisor before taking a decision. Please understand the risk of trading and investing. --- Send in a voice message: https://podcasters.spotify.com/pod/show/krunal/message

Matthias Roiss beschreibt sich selber als Value-Spekulant, der nach einer Mischung von Michael Burry und Stanley Druckenmiller investiert um 30% jährliche Rendite über 30 Jahre zu erzielen. Dafür schreckt auch nicht vor unbeliebten Unternehmen oder Shorts zurück, die er nach tiefgreifendem Research in sein Portfolio aufnimmt. Shownotes zum Interview mit Matthias Roiss Matthias auf Twitter: https://twitter.com/InvestRoiss Matthias auf Substack: https://roiss.substack.com/ Werbepartner Outbank: https://investor-stories.de/outbank Buchempfehlungen von Matthias: The Alchemy of Finance von George Soros: https://amzn.to/3PPSshN Reminiscences of a Stock Operator: https://amzn.to/3G9QOVa

Gold had an epic bull market in the noughties - I still remember the key numbers like it was yesterday.There was the low in 1999 at $250/oz, marked for all eternity by Chancellor of the Exchequer, Gordon Brown, as he sold off two-thirds of British gold at the bottom of the market, when there were no compelling need to sell.That low was re-tested in 2001 and we got a classic double bottom, followed by eight years of bull market, which ended, after a big wobble in 2006, in 2008 at $1,030/oz. Then the Global Financial Crisis came along. Gold plummeted along with everything else. An unstoppable rebound lasting three more years followed. First, the gold price broke out to new highs, and on it marched until it eventually peaked in 2011, with the Greek debt crisis, at $1,920/oz.Then came the bear market. Five brutal years of pain. It went all the way back to $1,040/oz.The period between 2018 and 2020 saw gold rally again, heading north of $2,000/oz, albeit briefly.But here we are in early 2023. And guess what? As I write, gold sits at $1,920/oz - the same price as it was back in 2011. Markets remember prices.What's next for the gold price? Will it pull back from here? Maybe. Probably.It has rallied $300/oz in barely two months. It's overbought. Neither silver nor the miners are leading. That's usually not a good sign. Charlie Morris says gold is trading above fair value. Charlie Morris is usually right.You can get cute and try and trade it, but no one knows what is going to happen. It's a precious metal and it's a market. If they can throw you, they will.  But then again, gold usually does well when trust in financial markets is low. I'd say that's the case now. Do you risk your position in the hope that you can get back in lower? What if it goes up instead?Or you can take the longer-term view. Like the famed trader, Old Partridge, in Edwin Lefevre's Reminiscences of a Stock Operator, who never wanted to lose his position in a bull market, a view since echoed by a memed typo, you can just hodl on.We must each make our own choices, learn from them and live with them.What happens to the gold price if everyone starts buying? Here's a nice little thought experiment. I've heard it before - but I'd forgotten it, and it was brought to my attention again by Winston Miles of Canadian investment house Eight Capital.There was a presentation by strategist Grant Williams in 2016 called “What If?” when he asked what would happen if pension funds, which currently had a 0.15% weighting to gold, increased that allocation. Miles decided to run that scenario in today's marketplace.“According to the OECD's most recent data, global pension assets are $56 trillion. I could easily see pension funds getting up to 1% of their portfolio in precious metals on average. But let's be a bit more conservative and go with two-thirds of 1%, or 66bps… which is $373,903,924,800.“That amount of money …  could buy every single company that makes up the Philadelphia Gold and Silver Index… which would set them back a cool $297 billion.  Then they could buy every share of GLD, even taking delivery of all that gold if they wanted, as it's all sitting in a vault somewhere.  That would cost another $56 billion. Then with the scraps left over, they could buy every share of the GDX… GDXJ… SIL… AND the SILJ.” (Those are the gold and silver mining ETFs).In short, there's a lot of money out there. On a relative basis, there isn't a lot of trade-able gold, and there aren't that many gold mining companies. A small shift in the narrative could send the gold and silver markets a long way higher. “It's an environment,” says Miles, “where almost no major pensions have a portfolio manager focused on metals and mining. The infrastructure is totally gone. It's hard to add supply, the mines are old, it takes ten+ years to build new ones, these are really long lead time projects.”You can conduct the same thought experiments with oil, gas and coal. Very little allocation (largely because of ESG), and very little investment leading to tight supply and long lead times.You can conduct the same experiments with bitcoin. What happens to the bitcoin price, if bitcoin were to become a core, mainstream portfolio holding?They all go a lot higher.You can't say the same about tech, the S&P 500, or government bonds. They are already owned.The narratives for gold, fossil fuels or bitcoin may not change, but if they do, look out above.On this note, here is the S&P500 relative to gold since 2000. When the chart is rising, gold is rising relative to the stock market and vice versa. At $1,920/oz gold is a lot cheaper today, relative to the stock market, than it was when it was $1,920/oz back in 2011. It's a third of the price. To get back to those equivalent levels, assuming no change in the price of the S&P500, gold would have to triple. I like the sound of $5,700/oz gold!$5,700 gold - that's a stat worth sharing.Gold and gold minersHere are the gold miners relative to gold. With the plethora of new ways that opened up to get exposure to gold in the 2000s - ETFs, online bullion dealers, CFDs, spread bets and all the rest of it - investors stopped bothering with miners, and who can blame them?Too much incompetence, too many frauds, too much political and environmental risk - and all the rest of it.Miners have been falling since 2003. But they stopped falling in 2015. Since then they've gone sideways. They are, as the technicians say, “building cause”.I reckon the low is in. It came in 2015. And we re-tested it last year.What do you think? Post your comments below.If you are interested in gold miners, please consider becoming a paid subscriber. I cover gold mining extensively.If you're buying gold, my current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.If you're buying bitcoin, be sure to read my special report.And make your Number One resolution for 2023 to listen to Kisses on a Postcard.This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Gold had an epic bull market in the noughties - I still remember the key numbers like it was yesterday.There was the low in 1999 at $250/oz, marked for all eternity by Chancellor of the Exchequer, Gordon Brown, as he sold off two-thirds of British gold at the bottom of the market, when there were no compelling need to sell.That low was re-tested in 2001 and we got a classic double bottom, followed by eight years of bull market, which ended, after a big wobble in 2006, in 2008 at $1,030/oz. Then the Global Financial Crisis came along. Gold plummeted along with everything else. An unstoppable rebound lasting three more years followed. First, the gold price broke out to new highs, and on it marched until it eventually peaked in 2011, with the Greek debt crisis, at $1,920/oz.Then came the bear market. Five brutal years of pain. It went all the way back to $1,040/oz.The period between 2018 and 2020 saw gold rally again, heading north of $2,000/oz, albeit briefly.But here we are in early 2023. And guess what? As I write, gold sits at $1,920/oz - the same price as it was back in 2011. Markets remember prices.What's next for the gold price? Will it pull back from here? Maybe. Probably.It has rallied $300/oz in barely two months. It's overbought. Neither silver nor the miners are leading. That's usually not a good sign. Charlie Morris says gold is trading above fair value. Charlie Morris is usually right.You can get cute and try and trade it, but no one knows what is going to happen. It's a precious metal and it's a market. If they can throw you, they will.  But then again, gold usually does well when trust in financial markets is low. I'd say that's the case now. Do you risk your position in the hope that you can get back in lower? What if it goes up instead?Or you can take the longer-term view. Like the famed trader, Old Partridge, in Edwin Lefevre's Reminiscences of a Stock Operator, who never wanted to lose his position in a bull market, a view since echoed by a memed typo, you can just hodl on.We must each make our own choices, learn from them and live with them.What happens to the gold price if everyone starts buying? Here's a nice little thought experiment. I've heard it before - but I'd forgotten it, and it was brought to my attention again by Winston Miles of Canadian investment house Eight Capital.There was a presentation by strategist Grant Williams in 2016 called “What If?” when he asked what would happen if pension funds, which currently had a 0.15% weighting to gold, increased that allocation. Miles decided to run that scenario in today's marketplace.“According to the OECD's most recent data, global pension assets are $56 trillion. I could easily see pension funds getting up to 1% of their portfolio in precious metals on average. But let's be a bit more conservative and go with two-thirds of 1%, or 66bps… which is $373,903,924,800.“That amount of money …  could buy every single company that makes up the Philadelphia Gold and Silver Index… which would set them back a cool $297 billion.  Then they could buy every share of GLD, even taking delivery of all that gold if they wanted, as it's all sitting in a vault somewhere.  That would cost another $56 billion. Then with the scraps left over, they could buy every share of the GDX… GDXJ… SIL… AND the SILJ.” (Those are the gold and silver mining ETFs).In short, there's a lot of money out there. On a relative basis, there isn't a lot of trade-able gold, and there aren't that many gold mining companies. A small shift in the narrative could send the gold and silver markets a long way higher. “It's an environment,” says Miles, “where almost no major pensions have a portfolio manager focused on metals and mining. The infrastructure is totally gone. It's hard to add supply, the mines are old, it takes ten+ years to build new ones, these are really long lead time projects.”You can conduct the same thought experiments with oil, gas and coal. Very little allocation (largely because of ESG), and very little investment leading to tight supply and long lead times.You can conduct the same experiments with bitcoin. What happens to the bitcoin price, if bitcoin were to become a core, mainstream portfolio holding?They all go a lot higher.You can't say the same about tech, the S&P 500, or government bonds. They are already owned.The narratives for gold, fossil fuels or bitcoin may not change, but if they do, look out above.On this note, here is the S&P500 relative to gold since 2000. When the chart is rising, gold is rising relative to the stock market and vice versa. At $1,920/oz gold is a lot cheaper today, relative to the stock market, than it was when it was $1,920/oz back in 2011. It's a third of the price. To get back to those equivalent levels, assuming no change in the price of the S&P500, gold would have to triple. I like the sound of $5,700/oz gold!$5,700 gold - that's a stat worth sharing.Gold and gold minersHere are the gold miners relative to gold. With the plethora of new ways that opened up to get exposure to gold in the 2000s - ETFs, online bullion dealers, CFDs, spread bets and all the rest of it - investors stopped bothering with miners, and who can blame them?Too much incompetence, too many frauds, too much political and environmental risk - and all the rest of it.Miners have been falling since 2003. But they stopped falling in 2015. Since then they've gone sideways. They are, as the technicians say, “building cause”.I reckon the low is in. It came in 2015. And we re-tested it last year.What do you think? Post your comments below.If you are interested in gold miners, please consider becoming a paid subscriber. I cover gold mining extensively.If you're buying gold, my current recommended bullion dealer in the UK is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. You can deal with a human being. I have an affiliation deals with them.If you're buying bitcoin, be sure to read my special report.And make your Number One resolution for 2023 to listen to Kisses on a Postcard.This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

“If people approached trading the same way they would a job – you show up, you be consistent, you do a good job – there is a strong expectation that you're going to get a regular paycheque from the market.” – Simon Ree  Connect with Simon Ree: Website & Special Offer! Facebook Twitter LinkedIn YouTube   Selected links and people mentioned from this episode: The Tao of Trading by Simon Ree Options Academy Accelerate The Tao of Jeet Kune Do by Bruce Lee Goldman Sachs Jim Rickards Trading in the Zone by Mark Douglas Reminiscences of a Stock Operator by Edwin Lefèvre   Connect with REIN Canada REIN Canada CEO@reincanada.com REIN Channel Facebook Instagram Twitter   [02:08] Patrick introduces his next TEDM guest, Simon Ree. [03:22] Simon and Patrick get rollin'! Simon explains when and why his fascination with the stock market began, how he got his professional start once out of university and where that has led him right up to today. His focus has changed somewhat, which better aligns with the contribution he prefers to make. [08:25] Patrick notes, the title of Simon's book isn't a natural fit for the subject matter! Simon shares first how the title came to be, and second his desire to make a book about options trading that is accessible, engaging, and light. Simon's book folds in topics like mindset, risk management and planning which provides more breadth and depth to help people get their business off the ground. [12:03] Emotional control and the right mindset are the final frontier of trading and investing in Simon's view. In a market, that's designed to have people do the wrong thing at the wrong time, it's fundamental when remembering how markets cycle. [14:54] Simon talks about decision making in the stock market, whether this platform is better for intuition or research, plus the framework he provides in his book and why it's so important, especially when emotions threaten to overtake. [17:56] Simon shares his viewpoint on the current state of North American markets, central banks, and the economy of the past few years. Simon also describes his response to the narrative and questions especially when people ask, “what should I do with my money?” by exploring fixed vs. growth mindset. [24:39] At a tumultuous time like the present, it's tempting to pull our cards off the table, but Patrick and Simon discuss the importance of understanding investing and markets (be it real estate or stocks) at just such a time, to capitalize and even profit from the opportunities that do exist. [28:15] Simon shares his definition of a trader and an investor, which is a little different, and explains what sort of commodities he invests in both short and long term. [31:04] Simon addresses one of the five big myths of Wall Street: 10% per annum is a fantastic return. He goes on to explain that where we are in the season of our life, will certainly inform our trading decisions. We need to do the research and show up consistently to see the returns. [35:00] In response to questions about his outlook on the next five years, Simon shares his “headlight theory of capital allocation.” He expands on that to explain what it means in practice. [40:20] Although he considers himself an entrepreneur by default, Simon's real passion is not in business or even running a business. It's teaching. From martial arts to investing, seeing that lightbulb go on for someone when they “get it” is one of the most rewarding experiences for Simon. [43:35] Is it the same thread that binds Simon's interest in martial arts with his interest in the stock market? He describes his start in judo as a kid and his fascination with and attraction to the career path he chose. [46:42] Simon gives his take and on the relatively new space of social investing and online commission-free investing platforms, along with some of the realities and a word of advice. [49:53] After losing a “life-changing sum of money” in 2008,

Ed Hyman, the number one ranked economist on Wall Street for 42 years, has warned of the unintended consequences of the Federal Reserve's rapid tightening policies. Hyman, who is Vice Chairman of Evercore and leads the economic research team at its Evercore ISI division, has been monitoring the factors behind the recent nominal GDP growth, including record low-interest rates and a surge in the money supply. However, inflation has been surging, and the Fed is raising rates at a faster clip, leading to weakness in the economy. Hyman's recent reports highlight the impact of the Fed's tightening measures. WEALTHTRACK Episode #1924 broadcast on December 09, 2022 More info: https://wealthtrack.com/legendary-economist-ed-hyman-worries-about-the-unintended-consequences-of-feds-rapid-tightening/ Bookshelf: Reminiscences of a Stock Operator: https://amzn.to/3FhYoex One Up On Wall Street: How To Use What You Already Know To Make Money In The Market https://amzn.to/3uBS2BM --- Support this podcast: https://anchor.fm/wealthtrack/support

Grab a (non-alcoholic) beer and join host, Ari Santiago, as he talks to Jamie Lissette, COO, on this great episode all about Athletic Brewing Co and how they are changing the perception of non-alcoholic beer one can at a time. Learn how they are creating a new market, getting "cans in hands" and rising to the top as Inc 5000's 26th Fastest Growing Company in the US in 2022. Discover their secrets to a tiny, 2-3% employee churn rate, and find out more about their $50M investment from Keurig Dr Pepper. Jamie's Favorite Business Book: Reminiscences of a Stock Operator, Edwin Lefèvre Jamie Lissette, Athletic Brewing Co. Company Website: https://athleticbrewing.com/ Company YouTube: https://www.youtube.com/@AthleticBrewing Company Facebook: https://www.facebook.com/AthleticBrewing/ Company Instagram: https://www.instagram.com/athleticbrewing/ Company Twitter: https://twitter.com/AthleticBrewing Jamie's LinkedIn: https://www.linkedin.com/in/jlissette/ Ari Santiago, CEO, CompassMSP Company Website: https://compassmsp.com/ Company Facebook: https://www.facebook.com/MadeinAmericaPodcast Company LinkedIn: https://www.linkedin.com/company/made-in-america-podcast-with-ari Company YouTube: https://youtube.com/c/MadeinAmericaPodcastwithAri Ari's LinkedIn: https://www.linkedin.com/in/asantiago104/ Podcast produced by Miceli Productions: https://miceliproductions.com/ Ari and Jamie discuss: DTC Direct to consumer strategy GTM Go to market strategy Brewer of the Year award Investments Workforce development Employee churn Brand ambassadors

This conversation is with Brian Dao. He is an equities trader at SMB Capital, and he shares his journey from starting to day trade in the cold and early mornings on his college campus to now becoming a full time trader at his dream company. We dive into what his experience is like being a day trader and working a fully commission-based job, the motivation he had to keep pursuing his dream through months of market losses starting out, the quote he received from a peer that changed his life, goal setting, prioritizing your time, engineering luck, managing expectations, and much more. He also shares many book and podcast recommendations that have helped him as a day trader and in his life. You can find the links to these recs in the resources shared section near the end of these show notes. ----- Timestamps 0:00 Intro 3:47 Trading at SMB Capital 11:26 Working in a commission based job 14:17 Brian's start into day trading 19:19 Motivation through market losses & “Take every risk you can” 25:52 Having perspective on your accomplishments and time 30:29 Making goals that are in your control 33:17 You have to really love it 36:54 Working full-time while at school 43:10 Feeling after landing the job 46:16 “We're going to be traders at SMB one day” & Facing doubts 51:23 Engineering Luck & applying 80/20 58:20 Skills Brian's developed that are necessary for day trading 59:38 Managing expectations 1:09:47 Find the “play” in your life that works for you 1:13:58 Brian's podcast and book recommendations 1:17:28 Allmighty Question & Outro ----- Resources Shared Favorite Podcasts Chat With Traders Lance Breitstein on Chat With Traders The Michael Singer Podcast Favorite Books Volume Price Analysis by Anna Coulling Thinking in Bets by Annie Duke One Good Trade & The Playbook by Mike Bellafiore How I Made $2 Million in the Stock Market by Nicolas Darvas Market Wizards & Unknown Market Wizards by Jack D. Schwager The Man That Beat the Market by Jim Simons Reminiscence of a Stock Operator by Edwin Lefèvre Untether Soul by Michael Singer ----- If you would like to connect with Brian, you can reach out to him on LinkedIn. If you enjoyed this conversation, have any feedback, or simply just want to chat, you can reach me via Twitter or connect with me on LinkedIn. This podcast is fueled by coffee. If you enjoyed the conversation and want to support the show, consider fueling the next conversation by buying me a coffee! ----- In this show, Alex has conversations with ambitious individuals about their continual journey toward personal success. These conversations hope to inspire you to realize that it's not about having everything figured out, it's about striving to be the best version of yourself everyday and embracing your lifestyle of growth through the journey.

หนังสือ Reminiscences of a Stock Operator ของ Edwin Lefevre - การหวนรำลึกถึงการเป็นผู้ดำเนินงานในตลาดหลักทรัพย์นั้น เป็นสิ่งที่เราอาจจะเรียนรู้อะไรได้บางอย่างจากสิ่งเหล่านี้ - ไม่ว่าเวลาล่วงเลยผ่านไปนานสักเพียงใด แต่มนุษย์ก็ยังคงมีอารมณ์ ความคิด และการตัดสินใจที่คล้ายเดิมเกือบแทบทั้งหมดอยู่ดี - ความแตกต่างระหว่างนักเก็งกำไรกับนักเทรดนั้น คือความรู้สึกส่วนลึกในการตัดสินใจในแต่ละครั้ง ซึ่งทุกการตัดสินใจย่อมส่งผลต่อผลตอบแทนเสมอ - การอดทนรอทุกอย่างสดใส อาจจะไม่ใช่โอกาสที่ดีเท่าที่ควร แต่ให้ลองอดทนศึกษาเรียนรู้จิตวิทยามนุษย์เอาไว้ ควบคู่กับการเข้าไปในตลาดหุ้นจะช่วยได้มากกว่า - ทั้งนี้ อดีตจนถึงปัจจุบันได้สอนเราอยู่สิ่งหนึ่งว่า ทุกอย่างเป็นวัฏจักร มันมีการเกิดขึ้นตั้งอยู่ และดับไปอยู่ตลอดเวลา เราเป็นผู้ตามกระแสอย่าไปกำหนดกระแสเองอย่างเด็ดขาด

Reforestation (and afforestation) projects can take carbon out of the atmosphere. And yet, in our current system, sometimes only the largest, most well-connected projects can afford the verification process. But what if there was a way to maintain the integrity of the MRV (Measurement, Reporting, and Verification) process, while making it accessible to anyone who wants to plant trees? Jeremy Epstein is Head of Growth at Open Forest Protocol, a Web3 platform working to transparently measure, verify, and fund forestation projects. On this CDR Happy Hour bonus episode of Reversing Climate Change, Jeremy joins Ross and Siobhan to share his definition of regenerative finance and discuss the benefits of putting carbon markets on the blockchain. Jeremy explains what differentiates OFP from other ReFi projects and explores whether or not derivatives can be good for carbon removal. Listen in for insight on balancing accuracy with accessibility in carbon markets and learn how to help OFP build the future of distributed MRV. Connect with Nori Purchase Nori Carbon Removals Nori's website Nori on Twitter Join Nori's Discord to hang out with other fans of the podcast and Nori Check out our other podcast, Carbon Removal Newsroom Carbon Removal Memes on Twitter Carbon Removal Memes on Instagram Resources Open Forest Protocol Thanks a Ton John Oliver's Piece on Carbon Offsets Vera The Gold Standard OpenAir Collective The Network State: How to Start a Country by Balaji Srinivasan Reminiscences of a Stock Operator by Edwin Lefevre Jason Hochman on Reversing Climate Change S3EP20 Luke Wilson Meme Template Siobhan's TikTok on Photosynthesis --- Send in a voice message: https://anchor.fm/reversingclimatechange/message Support this podcast: https://anchor.fm/reversingclimatechange/support

Meet Malcolm Campbell, President of Midwest Mosaic, and a Toledo Ohio Based ceramic tile contractor. He has been in the tile trade for over 25 years and provides skilled ceramic tile installation to general contractors and construction managers in the greater tri-state area – Ohio Indiana and Michigan. He also provides residential tile installation to home owners, property investors, home builders and remodelers. Malcolm has an unmistakable passion for his trade, his team, and the quality he delivers to clients. You will learn the story of how Malcolm put in the work to build his foundational skills in the tile trade and the strategies and processes he's used to catapult to a 7 figure plus business in just the last few years. Tune in to hear his wisdom that is decades in the making and start growing your business to 7 figures now! Timestamps: [2:05] Introduction to Malcolm [6:00] What Keeps Malcolm in the industry [8:25] How Malcolm got started in the tile industry [9:32] Where Malcolm learned his work ethic and mindset [10:51] Malcolm's take on getting into tile at the entry level [11:11] How mentorship influence Malcolm [12:38] The importance of personal development [13:45] Where the “Take the best, leave the rest," philosophy comes from [14:37] A good decision that Malcolm made in the business [18:27] Discussing burn out [19:10] Malcolm's strategy for hiring [20:00] A bad decision that Malcolm made in the business [21:00] ‘The Fundamental Five' [24:00] ‘Tile Wisdom' [25:43] The importance of being highly qualified in the tile trade [27:39] ‘Take the 20 minutes' '[29:20] Speed round [31:26] Does Malcolm Mastermind? [33:33] If he only had one hour each day to run his business, how would he do it? Quotes: “I do have a fire. I do have a fire in my belly. They talk about entrepreneurship. I got the fire and sometimes it cuts both ways. I cut people with it and I'm always working on that to be a better me.” - Malcolm Campbell “As I started out in tile. I went to university and I got a Bachelor's of Science in Civil Engineering, which is kind of like getting a doctorate in cement.” - Malcolm Campbell “When I work with cement it's coming from that perspective of how a jazz player just takes an instrument and improvs with it.” - Malcolm Campbell “There are guys that aren't at the seven figure level yet that want to do things inside their business to grow it faster, but they have to master the little things before they can get there.” - Chaz Wolfe (Host) “You catch a lot of heat from the customers and, and I just have kept a mantra for a lot of years. This has been from when I was small and just coming up, even to now. My saying is, ‘I'll keep showing up every day until you tell me not to.'”- Malcolm Campbell Let's Connect! Malcolm Campbell: Website: http://www.midwestmosaic.us/ Personal Facebook: https://www.facebook.com/malcolm.campbell.52 Business Facebook: https://www.facebook.com/profile.php?id=100064159354830 Twitter: https://mobile.twitter.com/mudduckk Instagram: https://www.instagram.com/midwest_mosaic_inc/ Book Recommendations: “Reminiscences of a Stock Operator & Methods of Trading in Stocks,” by Jesse Livermore: https://www.amazon.com/Jesse-Livermores-Books-Market-Wisdom/dp/1946774561 If you liked this episode, please SUBSCRIBE to the podcast and drop us a FIVE-STAR REVIEW. We appreciate you, and your support enables us to keep bringing you the goods on the show!

Episode 206: James Krieger @StockWonk joins the podcast to discuss his journey in trading and how he was able to reach over $1.8 million in verified profits on Kinfo. James talks about trading in the recent pandemic mania where he recognized an edge in a gap up short strategy from his statistical research. James expands on how mindset and conceptual understanding plays a role into the development of trading success and how one can go about it as they begin on their trading journey. Social MediaJames KriegerTwitter: stockwonkInstagram: stockwonkwww.stockwonk.comJames's book recommendations1. Dr. Van K. Tharp2. An American Hedge Fund3. Reminisces of a Stock Operator

Infinite Loops Podcast Notes Key Takeaways “We are deterministic thinkers living in a probabilistic world, hilarity or tragedy often ensue”– Jim O'ShaughnessyMany of 10-K Diver'sTwitter threads point out the faults in deterministic thinking by analyzing mathematics and using first principles thinking to study financial conceptsWe often ask the wrong questions – this thread is a great exampleStudying history can save you from FOMO investingIn the 1900s, there were 200 car manufacturers. Obviously, only a few survived. Knowing this context can help you slow down your decision-making before rushing into the next hyped tech stock.Always work through the numbers before ever opening your mouthIf you think you know something, write it out. You'll more often than not realize that you're not prepared to speak about it yet.Intuitions can lead you astray from the truth and even your actual opinion on something10-K Diver thinks Warren Buffett's and Charlie Munger's buy-and-hold philosophies get overgeneralized, leading to misconceptions about their actual investment strategiesRead the full notes @ podcastnotes.orgAs Chamath Palihapitiya put it back in April 2021, 10-K Diver is “one of the best fintwit accounts on Twitter.” 10-K Diver loves breaking down complex financial topics and helping people understand them via engaging Twitter threads. You can follow 10-K Diver on Twitter at https://twitter.com/10kdiver and read all his threads at https://10kdiver.com/twitter-threads/ Show Notes: Curating aggressively Is there a long term plan? Reasoning from the first principles Volatility tax Do markets have a memory? Financial Independence, Retire Early (FIRE) Mental models for investing Premeditating Jim's GIF game Is it a Lindy or a turkey? The ‘Money Concepts' show Benefits and pitfalls of leverage What's next for the 10-K diver? Books Mentioned: Reminiscences of a Stock Operator; by Edwin Lefèvre Happy; by Derren Brown

As Chamath Palihapitiya put it back in April 2021, 10-K Diver is “one of the best fintwit accounts on Twitter.” 10-K Diver loves breaking down complex financial topics and helping people understand them via engaging Twitter threads. You can follow 10-K Diver on Twitter at https://twitter.com/10kdiver and read all his threads at https://10kdiver.com/twitter-threads/ Show Notes: Curating aggressively Is there a long term plan? Reasoning from the first principles Volatility tax Do markets have a memory? Financial Independence, Retire Early (FIRE) Mental models for investing Premeditating Jim's GIF game Is it a Lindy or a turkey? The ‘Money Concepts' show Benefits and pitfalls of leverage What's next for the 10-K diver? Books Mentioned: Reminiscences of a Stock Operator; by Edwin Lefèvre Happy; by Derren Brown

It's moving day! In our last podcast from our old IBD offices, we share some stories of our time there and working with legendary investor, William O'Neil. We also look at struggling market indexes and where the pockets of strength are bucking the trend. Travel plays get attention after Delta Airlines (DAL) earnings and we look at Hilton (HLT) and Marriott (MAR) in lodging. Energy still on fire and we look at Arch Resources (ARCH) and Oneoke (OKE). For the video version, visit investors.com/podcast.

As the world of crypto continues to evolve and grow, there is a vast array of associated new possibilities that are available to investors on a regular basis. On the show today, we welcome Josip Rupena, the CEO and Founder of Milo, a company that is bringing together the worlds of digital assets and real estate. Milo is here to give all of our listeners a few reasons why you should consider this avenue for yourself! We speak about the company's focus, what exactly they are trying to provide for their customers, how their application process works, and who is best suited to work with Milo. We also get some great book and tool recommendations from Josip and hear about his own real estate investment aspirations, so join us today to hear it all! TIME-STAMPED SHOW NOTES: [00:10] Before we jump into today's interview, please rate, review, and subscribe to the Leveling Up Podcast! [00:51] Josip's professional background and foundation in financial services. [01:40] Our guest explains the interest rates associated with crypto mortgages.  [03:57] How to view digital investments and holding appreciating assets. [04:50] The periods associated with Milo's processes. [05:19] Who gets approved? Josip explains what it takes to get through the application process. [05:58] The transferral of cryptocurrency to a custodian.  [06:28] How the funding at Milo has worked so far. [06:57] The most common amounts for the loans that Milo deals with currently. [09:05] Suitable customers for Milo; Josip explains their vetting process. [10:08] Important elements that Josip and his team look at in applications.  [11:25] How the Milo team is spread out geographically. [11:44] Two business book recommendations from Josip. [12:11] Josip's personal approach to real estate investing at the moment. [13:04] Why Josip loves the white-boarding tool from Miro for collaborating and workflow.  [13:19] How to find Josip and Milo online and learn more!   Resources From The Interview:   Josip Rupena on Twitter Milo  Morgan Stanley Goldman Sachs  Miro    Must-read books: Reminiscences of a Stock Operator and Liar's Poker     Leave Some Feedback:     What should I talk about next? Who should I interview? Please let me know on Twitter or in the comments below. Did you enjoy this episode? If so, please leave a short review here Subscribe to Leveling Up on iTunes Get the non-iTunes RSS Feed     Connect with Eric Siu:      Growth Everywhere Single Grain Leveling Up Eric Siu on Twitter   Eric Siu on Instagram

Episode 131: Miah Lee joins the podcast to talk about his journey from being a car salesman to becoming a seven figure trader. Miah opens up about his favorite setups and how he is constantly adapting to changing market environments. Social MediaMiah LeeTwitter: realmiahleeInstagram: miahlee8Miah's book recommendations:1. Reminiscences of a Stock Operator 2. As a man Thinketh

Jesse Livermore's story is fascinating, and the book Reminiscences of a Stock Operator is one of the most memorable books I've ever read. In this episode I break down 21 of Jesse's trading rules, what they mean to us today as modern traders, and share my thoughts on his suicide and what we can learn from this great but troubled trader's life and career. Zen & The Art of Trading: Courses, Socials & Free Content! Episode Links & Resources: Original Blog Article Reminiscences of a Stock Operator Mark J. Perry's Fortune 500 Study Turney Duff's Book 'The Buy Side' More Info About Jesse Livermore: Reminiscences of a Stock Operator Jesse's Book: How to Trade in Stocks Jesse's Wikipedia Page Jesse's Trade Records

This week On The Desk, Tom presents a sector to buy and a sector to sell as we approach results season, Chris takes us back in time with a review of 'Reminiscences of a Stock Operator' by Edwin Lefevre, and the guys face off in another Buy or Sell lightning round. Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor

In this episode I share my thoughts on trading frequency - should you try to take more trades to make more money, or should you employ a quality over quantity mindset? Zen & The Art of Trading: Courses, Socials & Free Content! Episode Links & Resources: Original Blog Article Rich Trader by Steve Burns Reminiscences of a Stock Operator

Part 2 of 2 Legendary value investor Bill Miller is betting big on bitcoin. The digital currency and some related crypto investments now account for half of his personal investment portfolio. In part two of our interview with Miller, he discusses his rationale for taking such an outsized position, including why he has converted from being a self-described bitcoin “observer” to a bitcoin “bull” and why he is adding to his holdings when the currency has big declines. Since Miller is also celebrating his 40th anniversary in the investment business we delve into how much the investment landscape has changed and how his value approach has evolved over the last four decades. The conversation is not about Miller Opportunity Trust, it's about his personal portfolio. I began the interview by asking Miller why he has gone so big on bitcoin. WEALTHTRACK #1828 broadcast on January 07, 2022 More Info: https://wealthtrack.com/investment-legend-bill-miller-has-50-of-his-personal-portfolio-in-bitcoin-related-investments/ Bookshelf: The Intelligent Investor: https://amzn.to/3F4Dpd6 Reminiscences of a Stock Operator: https://amzn.to/3zy39O1 --- Support this podcast: https://anchor.fm/wealthtrack/support

In this episode, I read a chapter out of a book called Reminiscences of a Stock Operator. Jesse Livermore who is considered to be one of the greatest stock traders of all time, some say the best, brings inspiration to the first-person point of view look at Larry Livingston's life as a stock operator. Why go through the same mistakes from your own actions in the market when you can get the principles built from mistakes from an entire lifetime of actions. From market legends of course. COME CONNECT WITH THE BITRAIDERS!

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/anthropology

In this installment of our Recall this Buck series (check out our earlier conversations with Thomas Piketty, Peter Brown and Christine Desan), John and Elizabeth talk with Daniel Souleles, anthropologist at the Copenhagen Business School and author of Songs of Profit, Songs of Loss: Private Equity, Wealth, and Inequality (Lincoln : University of Nebraska Press 2019). Dan's work explores the world of private equity "guys" (who are indeed mostly guys) and the ways they are "suspended in webs of significance [they themselves have] spun" as Clifford Geertz puts it. Further, he explores the ways we are all suspended in these webs through the immense buying and managing power of private equity firms. Private equity investors buy out publicly traded companies, often through enormous debt (which is why these deals used to be called "leveraged buyouts" or LBOs), manage the companies and then sell them. They argue they are creating value by cutting fat in management; typically workers bear the brunt of the debt while executives--and the private equity firm and lawyers and others servicing the deal--receive hefty payments. Dan pulls off a tough feat in his book, helping us see the concerns and motivations of people he's working with as understandable and the people themselves as reasonable and even likeable, while also maintaining his own view of private equity as, generally speaking, a noxious force in society. We end with a discussion of the Occupy movement and how it helped to change public conversations about inequality and the power of finance (another angle on the themes we tackled in our earlier "Brahmin Left" conversations). Mentioned in this episode: Bryan Burrough and John Helyar, Barbarians at the Gates: The Fall of NJR Nabisco Karen Ho Liquidated; ethnography of Wall Street, and of "smartness" Edwin Lefèvre, Reminiscences of a Stock Operator, (John misremembered the title as Confessions of a Stockjobber) Bret Easton Ellis, American Psycho (1991) The transcript for this episode is here.  Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

For today's episode, we are going to dive into a pretty important topic, how do you know you actually have a good deal?We're going to look at three things three factors that you got to have on lockdown to know if this deal is in fact, a great deal.The audible version Passive Investing Made Simple: How to Create Wealth and Passive Income through Apartment Syndications is LIVE!! [00:01 – 08:15] Bad Investing Advice: More Data Is Better! Data, Data, Data[08:16 – 18:44] Factor #3: The Market - Location, Location, Location[18:45 – 24:38] Factor #2: Ability To Execute On A Business Plan [24:39 – 50:01} Factor #1: The Operators[50:02 – 52:26] Closing With Book RecommendationThe Power of Now: A Guide to Spiritual EnlightenmentReminiscences of a Stock Operator"The more you do a thing, the less risky it becomes in the future because you have more data. That data is born from experience" – Anthony Vicino"The longer we have to play, the less risk we have." – Anthony Vicino"At the end of the day, the market we can get in the worst market and we can have the worst business plan. But the right operator can still make it work." – Anthony Vicino "Most passive investors need to be spending the bulk of the vast majority of their time identifying those key people to work with and then the actual deals that they invest in should be almost an afterthought." - Dan KruegerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We'd love to learn more about you and your investment goals. Please fill out this form and let's schedule a call: https://invictusmultifamily.com/contact/**Let's Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

Episode 67: Saita, head researcher at Utopia Capital Research goes over his journey on how he got started in the community of short sellers at Utopia Capital Research. Saita goes over his research process and details the main things he looks for when digging into filings. Saita also describes his experiences with seeing certain red flags in the filings and how he uses repetition to help his conviction when going into a trade. Social media:Utopia Capital ResearchTwitter: utopiacap Website: www.UtopiaCap.comSaita's book recommendations:1. Reminiscences of a Stock Operator 2. Financial Shenanigans

Welcome to the Energy Scale Ups podcast — brought to you on the Oil and Gas Global Network by Halliburton Labs. In this episode Jose talks with Michael Beer, CFO at Freewire Technologies and 20-year financial services veteran.   LinkedIn: Michael Beer   company website: Freewire Technologies   Book recommendation: The Reminiscences of a Stock Operator by Edwin Lefevre  Register to win our Weekly Giveaway: www.halliburtonlabs.com/giveaway More Oil and Gas Global Network Podcasts OGGN.com – https://oggn.com/podcasts OGGN Street Team LinkedIn Group – https://www.linkedin.com/groups/12458373/ OGGN on Social LinkedIn Group | LinkedIn Company Page | Facebook OGGN Events Get notified each month Connect with Jose Soliz LinkedIn

Today I talk with Steve Burns about his Top 10 Trading Books Of All Time: - Market Wizards: Interviews With Top Traders by Jack D. Schwager - Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets by Michael Covel - Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House by Richard L. Weissman - The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management by Alexander Elder - Trade Your Way to Financial Freedom by Van K. Tharp - How to Make Money in Stocks: A Winning System in Good Times and Bad by William O'Neil - Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas - Reminiscences of a Stock Operator by Edwin Lefèvre - The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires by Michael Covel - How I Made $2,000,000 in the Stock Market by Nicolas Darvas Bio: Steve Burns is the author of seventeen books about the stock market. He is one of Amazon's top reviewers for books about trading and investing having read and reviewed several hundred books. He has been interviewed for the Wall Street Journal blog, Trader's Magazine, Chat with Traders, and Michael Covel. He has also been a contributor to Trader's Planet, Trader's Magazine and SeeitMarket.com. He lives in Nashville, TN with his wife and business partner, Holly, a Boston Terrier, Chihuahua, and a cat. In this episode of Trend Following Radio: Top 10 Trading Books Of All Time Cryptocurrency Reading Market Wizards TurtleTrader William O'Neil and His Work Trading Psychology Reactive and Predictive Technical Analysis

Is investing the same as gambling? Bill and Anastasia dive into a topic that has come up in separate conversations with millennials about cryptocurrency trading. They start by defining investing, gambling, and speculating, then launch into a discussion of casino gambling, sports betting, why people may conflate investing with gambling, and why the rise of Bitcoin seems to be affecting how millennials view the stock market. Anastasia discusses risk tolerance and the importance of beating inflation. Bill provides long-term perspective on speculative bubbles and his thoughts on the bull market we've been living in since 2009.  For more information: -If you have not listened to Creating Wealth's two-parter on Cryptocurrency Explained or Risk Tolerance, these make good companion episodes to this one. -Bill also highly recommends two books:  Reminiscences of a Stock Operator by Edwin Lefevre and Extraordinary Popular Delusions and Madness of Crowds by Charles Mackay. For questions and comments, you can email us at askcreatingwealth@taberasset.com.

Check out Leadership Blueprints https://www.traderlion.com/leadership-blueprints/ Welcome back to the Market Chat! This week Ryan Pierpont discusses his background and process that allowed him to become a professional trader and to win 3rd place in the US Investing Championship with a gain of +448% in 2020. We talk about discipline, psychology, routines, setups, and position management. We also go through many different charts as Ryan discusses how he analyzes price action using channels, flags, and trendlines. Video version: https://youtu.be/QewylTtTZ3I Trading Books Ryan mentioned: How to Make Money in Stocks, William O'Neil https://amzn.to/33cpYqX How to Trade in Stocks, Jesse Livermore https://amzn.to/3eicKQ7 Reminiscences of a Stock Operator, Edwin Lefevre https://amzn.to/3h65PuX Trading in the Zone, Mark Douglas https://amzn.to/2QTis1Q How I Made $2,000,000 in the Stock Market, Nicolas Darvas https://amzn.to/2Rmu39u The Battle for Investment Survival, Gerald Loeb https://amzn.to/2Ss1doP Stay in touch ► https://twitter.com/RichardMoglen ► richardlmoglen@gmail.com If you would like to support my channel ► https://www.buymeacoffee.com/RichardMoglen ► TC2000 Discount Link: https://www.tc2000.com/pricing/richardmoglen ► MarketSmith: https://marketsmith.investors.com/ms-platform/?src=A00587A&refcode=RM_Links Intro Music From Reid Williams https://www.instagram.com/redreid_/ and Outro Music from Michael Baker https://soundcloud.com/absentinlife

Maar speculeren is natuurlijk veel leuker. Je koopt een aandeel, het liefst op de bodem, en je verkoopt het na niet al te lange tijd. Het liefst op de top. De kans dat je iets op de bodem koopt, is echter klein. Hetzelfde geldt voor het verkopen op de top. Dat betekent dat je als speculant altijd enige mate van teleurstelling zal ervaren. Iemand die speculeert zou het boek Reminiscences of a Stock Operator van Edwin Lefèvre op zijn nachtkastje moeten hebben staan. Het boek dateert al uit 1923, maar is nog steeds up-to-date. Het gaat over speculant Jesse Livermore. Deze persoon heeft ook echt bestaan, maar het verhaal is flink geromantiseerd. Als u weer eens slapeloze nachten heeft over uw speculaties, kunt u dit boek ter hand nemen. Daar heeft hij alvast een tip over. Aan een vriend die van zijn speculaties niet kan slapen, adviseert hij om net zo veel te verkopen, tot hij weer de slaap kan vatten. Luister terug | Opinie: De krant van morgen Zoals Jesse Livermore speculeerde: dat is voor de meeste mensen niet weggelegd. Maar het boek staat vol met tips voor de gewone speculant, zoals u en ik. Zo adviseert hij om je fouten te erkennen, omdat je daar meer van kan leren dan van je successen. En neem je verlies snel. Dat is beter voor je vermogen en beter voor je gemoedsrust. Een mooie is ook; als een aandeel voor het eerst door een rond getal heen stijgt kun je met een gerust hart kopen. Koersen stoppen niet bij ronde getallen. Een andere tip is, dat als een aandeel de goede kant op gaat, je gewoon moet blijven zitten. Als je rustig in de winnaars als Apple, Microsoft of ASML had blijven zitten, had u een vermogen verdiend. Luister terug | Opinie: Iedereen blij Livermore concludeert dat de meeste beleggers alleen maar aandelentips willen. Ze willen zelf geen onderzoek doen. Ze willen niet eens nadenken, maar gewoon tips horen en rijk worden. Dat was toen dus niet anders dan nu. De belangrijkste tip is dus: wees een belegger en geen speculant. Livermore waarschuwt u echter alvast dat u de verleiding van de snelle winsten waarschijnlijk toch niet kan weerstaan. Ze lonken als sirenen. Probeer dan maar een goede speculant te worden. Beter een goede speculant dan een slechte belegger. Dus als u nog op vakantie gaat en u wilt wat succesvoller worden in uw speculaties, dan is dit boek mijn tip. Over de column van Corné van Zeijl Corné van Zeijl is analist en strateeg bij vermogensbeheerder Actiam en belegt ook privé. Reageer via corne.vanzeijl@actiam.nl. Deze column kun je ook iedere donderdag lezen in het FD. See omnystudio.com/listener for privacy information.

In today's episode, Rusty and Robyn talk with Dave Lundgren, a 30-year investment veteran who is now the co-host of the Fill The Gap podcast. Dave is an expert in technical analysis strategies. He's especially adept at watching trends and momentum swings in stock valuation. Currently, Dave serves on the CMT Association's board of directors and is a private investor.  Dave talks with Rusty and Robyn about the wonders of technical analysis, the difference between following trends and the following momentum, the role of sentiment in stock valuation, and how to master your investment style.  “It's not about finding the holy grail—finding the style that makes money all the time. It's about finding the style that fits you, and knowing that style inside and out so that when things are going wrong, you don't take it personally." ~ Dave Lundgren Main Takeaways  Technical analysis is as important as fundamental analysis. It's your road map; it shows you how to get to your destination. Focus on the price. There's a universal formula for price and it involves stock valuation and sentiment.  Master your own investing style. There's no absolute investing approach that makes more money over the long-term. Making money and overcoming setbacks are all about the execution of whichever method you use. Links Dave Lundgren on LinkedIn Rosalita by Bruce Springsteen Dave Lundgren, CMT, CFA Fill The Gap Podcast Charles Dow Theory Trading In the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas David Ricardo Reminiscences of a Stock Operator by Edwin Lefevre How to Trade in Stocks by Jesse Livermore How I Made $2,000,000 in the Stock Market by Nicholas Darvas How to Make Money in Stocks: A Winning System in Good Times and Bad by William O'Neil Connect with our hosts Rusty Vanneman Robyn Murray Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts

In this video, Anosh and I talk about how the #stockmarket is placed and discuss some important trade setups that have the potential to generate a good ROI in the coming few weeks. We talk about how #Nifty50 is doing after creating a fresh all-time high and how the broad market charts and sectors are catching up. The stock market has shown us a strongly bullish biased few sessions, but of late we have seen some selling. So the question still remains – could this be a turning point? For more insight into how the market might move and is placed, check out more of my videos. Timestamps: Disclaimer: 0:00-0:05 Introduction: 0:06-1:24 Index & broad market overview: 1:25-8:12 Nifty & Banknifty heavyweight stocks: 08:13-14:10 Trade setups: 14:11-16:50 Closing remarks + general view on the market: 16:51-18:32 The Financial Pandora: LinkedIn: https://www.linkedin.com/company/the-financial-pandora Website: www.thefinancialpandora.com Anosh Mody: Twitter: https://twitter.com/anoshmodyy/ LinkedIn: https://www.linkedin.com/in/anoshmodyy/ Open a FREE trading account: http://www.indiainfoline.com/campaigns/growthamplifiers/open-demat/?id=ikgo7c My fav biz/finance books: The Almanack of Naval Ravikant: https://www.navalmanack.com/ (Free eBook download) The Hard Thing About Hard Things: https://amzn.to/34d5orj Reminiscences of a Stock Operator: https://amzn.to/3bDCNPM The Unusual Billionaires: https://amzn.to/3ykT5qJ The Psychology of Money: https://amzn.to/3oyuL03 Zero to One: https://amzn.to/3v5Pzyn (These are affiliate links. Using these links to buy anything is the best way to support me & this show at no additional cost to you). FREE Beginners course on the stock market: https://www.youtube.com/playlist?list=PLMTsrjnnlw8G2klYWx0xSld17zDZHNcTi --------- For more insightful and informative content on the stock markets, trading, investing, personal finance and more, follow me on social media: My finance blog: https://krun.al/finance YouTube: https://www.youtube.com/channel/UCXBKsLW_emFPMZpEpj6KAuw Twitter: https://twitter.com/MarketsWithKR LinkedIn: https://www.linkedin.com/in/krunalrindani/ Disclaimer: We are not registered with SEBI. Everything I talk about is purely for educational and informational purposes only. None of this is financial advice or a recommendation or a tip. Please consult with your financial advisor before making a decision. Please understand the risk of trading and investing. Music: Chill Wave by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3498-chill-wave License: https://filmmusic.io/standard-license --- Send in a voice message: https://anchor.fm/krunal/message

This book is a “novel-style biography” written by American financial journalist Edwin LeFevre. It’s based on the first-person account of the life story of Jesse Livermore, once known as "The Boy Plunger.” Livermore was in his final years when he was interviewed for the book, and he shared his trading stories and insights with extreme candor and no reservation. The book has influenced generations of investors, including legends like Buffett, Peter Lynch, Soros and others. It has become one of the must-read classics of the past century for investors looking to profit from the stock market.

I have a close personal friend of mine recently reach out and start asking me questions about day trading. Initially, that made me very excited. The idea of sharing trading experiences and what’s going on in the stock market with someone close to me sounded great. However, I got to thinking of the beginnings of my trading journey... Like many of you I started by myself and was looking for courses/services to buy in order to learn. I now realize most of those courses promising a lambo lifestyle were scams. I did not want my buddy to go through that. So, tune in to learn what I wish somebody would have told me about day trading and making money from the stock market the right way.    First Four Books I Mention (In Order) :    Reminiscences of a Stock Operator - https://amzn.to/2LwbFbr Trading in the zone - https://amzn.to/35jFfb7 Volume Price Analysis - https://amzn.to/3s5Kx3x Technical Analysis- https://amzn.to/2Xkf4g1

In the fifth installment of the BitcoinTina on Bitcoin series, ck and BitcoinTina discuss the potential bull market scenarios for bitcoin. In this podcast we discuss 3 different Bitcoin price scenarios which are all very bullish but difficult and different to trade! https://twitter.com/BitcoinTina/status/1341981261007626240?s=20 The cornerstone of BitcoinTina's argument is that Bitcoin has a new class of buyer. Before the bitcoin market was run by the youth and the technologically advance. Now we are seeing baby boomers, institutions, and corporations come in with much more purchasing power, a very different need, and very different investing behaviors. Bitcoin is becoming safe. The investors that are entering into the Bitcoin Market in 2021 have watched tech stocks go straight up for 20 years. Many of them traded tech wrong and missed the move. Some will get that Bitcoin is the same but much bigger. It matters who is coming in to buy Bitcoin. Michael Saylor said that if you understand bitcoin, you can not own just a 1% position. It's absurd! If you hold bitcoin you have an advantage financially. With Bitcoin you are on the high ground. You can't just have a 1% position you can't afford it. Investors, stackers, and Institutions are realizing this. No one knows how bitcoin will play out but if you don't even understand the player in the game there is no way you will begin to understand its trajectory. Resources recommended from Bitcoin Tina: Bitcoin is the Great Definancialization by Parker Lewis: https://unchained-capital.com/blog/bitcoin-is-the-great-definancialization/ The Gradually then Suddenly Blog Series by Parker Lewis: https://unchained-capital.com/blog/category/gradually-then-suddenly/ The Saylor Series - 1-8 By Robert Breedlove and Michael Saylor: https://www.youtube.com/playlist?list=PL2jAZ0x9H0bRvoNt1xNJWYa9_8_an03h0 The Investors Podcast with Samson Mow: https://www.theinvestorspodcast.com/bitcoin-fundamentals/btc004-bitcoin-tech-future-growth-w-blockstreams-samson-mow/ An excerpt from Reminiscences of a Stock Operator - "After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. " (Page 53 Reminiscences of a Stock Operator)

Limit Up! is kicking off 2021 by getting back to the basics. This week, Jack and Dan are sharing their essential trading tips for newbies and veterans alike. Listen in for their advice as well as resources and book recommendations. They explain why it’s so important, especially for new traders, to keep things simple and not bite off more than you can chew. Check out the episode and hit the ground running in 2021. For even more coaching, check out the https://youtube.com/playlist?list=PLddTh6jO7O9G7LF2KdQIf82ENJDk5Z7RF (Coach’s Playbook) on YouTube on Tuesdays at 11:30am CST. (01:43) - Getting started trading (04:19) - Back in the day (12:57) - Trader development (17:44) -https://www.babypips.com/ ( Babypips) (18:13) - Be cautious (25:05) -https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lefevre/dp/168422294X/ ( Reminiscences of a Stock Operator) (28:58) - Trading simulators (31:47) - Keep it simple (34:22) - Trade what you have Limit Up! is a podcast for traders of all levels brought to you by https://www.topstep.com/?utm_source=limitup_podcast&utm_medium=cta&utm_campaign=ongoing_limitup_to_tst&utm_content=limitup_podcast (Topstep). Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/ (https://www.topstep.com/risk-disclosure/) Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep. Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap. If you'd like to receive new episodes as they're published, please subscribe to Limit Up! in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy50cmFuc2lzdG9yLmZtL2xpbWl0LXVw (Google Podcasts), https://open.spotify.com/show/4FIopulB8vDsVaGxIIRcmL?si=MMXPQWnPRcqiaKwDjSbuqQ (Spotify) or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in https://itunes.apple.com/us/podcast/limit-up/id1314000892?mt=2 (Apple Podcasts). It really helps others find the show. https://www.dante32.com/ (Podcast episode production by Dante32.)

Today's episode is a list of my top ten books for traders, or the best finance books to read to learn about the financial industry.  I decided to come up with a list of books that are not just filled with knowledge, but that are also really enjoyable reads – the kind of book that it is hard to put down.  There are no university textbooks on this list, no Random Walk Down Wall Street or The Intelligent Investor.  To make the list the books had to be interesting, educational, and a lot of fun to read.  Many of these books are investment classics, and so people who have worked in markets for any length of time will possibly have read at least a few of these.  I have put time stamps below, so you can skip ahead to the books that you are most interested in in case you have already read some of my selections.  Let me know  what books you feel I left out.Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceRoger Lowenstein - When Genius Failed - https://amzn.to/2Jp0pwjEdwin Lefevre - Reminiscences of a Stock Operator - https://amzn.to/3mnfXz8Victor Niederhoffer - Education of A Speculator - https://amzn.to/3mlWNKcJack Schwager - Unknown Market Wizards - https://amzn.to/3mleoltMichael Lewis - Liars Poker - https://amzn.to/39sSFEnFrank Partnoy - Fiasco - https://amzn.to/3lliWHcRichard Thaler - The Winner's Curse - https://amzn.to/3lkrdexEdward Thorp - A Man For All Markets - https://amzn.to/3mkfZI8Emanuel Derman - My Life As A Quant - https://amzn.to/36kdhwMJim Rogers - Investment Biker - https://amzn.to/2JdCoc2Patrick's Books:Statistics for the Trading Floor:  https://amzn.to/3eerLA0Derivatives for the Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleSupport the show (https://www.patreon.com/PatrickBoyleOnFinance)

Mark Croock is someone I met years ago when I first started my penny stock trading journey. I found him in the Tim Sykes Challenge chat a while back and he always was very helpful in providing great guidance in what it means to be a patient and disciplined trader. Mark Croock is the perfect picture of slow and steady wins the race. He has been trading for over a decade and he is finally finding his “golden niche” which is options. He is still a Timothy Sykes Coach, Mentor, Trader and also runs his own room solely focused on trading Options.  Favorite Book: Reminiscences of a Stock Operator

This week, Adam, Grant and Morley discuss constructive criticism, strategies for giving and receiving advice, and finding a balance between learning from your own mistakes and following the wisdom of others.Support the show on Patreon: https://www.patreon.com/CLAMP What’s in our clamps this week:Adam: Cut his workbenchReached 300 subscribers on YouTube!Added sports bar to uteGrant: Working on a secret collaboration with another YouTuberTook the carpet out of his officeMorley: Gnome Belt"You Are Awesome." phone stand keychains3D printed "wood" honeycomb coastersTripod strap video - collaboration!Mentions:Reclaimed Audio PodcastNutsertTyco eliminatorFind Fix DonateEthan Carter DesignsInto the Spotlight PodcastThe Modern Maker PodcastDowndraft Box for Sanding by Poor Man's DIYReminiscences of a Stock Operator by Edwin LefèvreMaking It Podcast - Episode 276The BoysOur Clampmendations for this week:Morley: Framed Scroll Saw Art by Make for Life Workshop Adam: Unnecessary InventionsGrant: The Triple Bath (with slide yo) by Colin FurzeI'm Idris ElbaThank you to our top patrons:Leeroy from Big Rock TimberworksBig thanks to TFTurning for the awesome theme music!Where you can find us:Adam - @makermackey on Youtube and Instagram and at makermackey.comGrant - @thegrantalexander on Youtube and Instagram and at thegrantalexander.comMorley - @morleykert on Youtube and Instagram, and at morleykert.comCollectively - @clampcast on Instagram and @theclampcast on

In this episode of #LØRN, Silvija speaks to entrepreneur and CO-Founder of Velür, Adrian Diaz. Adrian believes that artificial intelligence can be used in many new and innovative ways within the meat industry to ensure a better and more sustainable industry. In this episode, you learn all about the whole food chain, from what goes on on the farm right up until the meat is on store shelves and how we can use AI to improve this prosess. — You must demonstrate it is feasible to apply AI to their specific problems by showing the numbers. It is through this process of building trust that they can understand how the industry can become more sustainable and benefit all the players within through applying AI, he explains in the episode You will learn about: How can AI be used in the food industri? Innovation Sustainable food production Start ups Recommended literature: I would recommend two classic books • Edwin Lefèvre. Reminiscences of a Stock Operator. The actual story of this really skilled broker who also had a tremendous impact in the industry. It mentions his achievements and failures from following data-driven decisions more than 100 years ago. This can be applied to startups, where you have ups and downs, but you must never give up. • Sun Tzu, The Art of War. This is a classic, with analogies to the startup world. This is war, so you have to know your competition, which in some cases might be yourself. You need to be prepared and be strategic in all aspects even with limited resources. Find ways to motivate your team and seek for victory. See acast.com/privacy for privacy and opt-out information.

Jane Gallina was laid off when she was pregnant with her first child. Instead of letting the layoff get her down, she immersed herself in day trading and was able to create a career for herself on her terms.Now Jane runs the popular day trading site, See Jane Trade. She stopped by the Limit Up! Podcast to talk about what she’s learned from bouncing around careers, how to break up with a bad trade, and how to balance the demands of trading with the demands of motherhood. (02:59) – Interview with Jane Gallina(04:08) – Returning to the trading world(10:00) – Learning the process(12:41) – Reminiscences of a Stock Operator(13:45) – Pit Bull(14:47) – Evolving as a trader(23:00) – Motherhood and trading(25:47) – Getting used to live money(29:03) – See Jane TradeJane Gallina, aka "Airplane Jane," started her career in February 2015 and has taken the day trading community by storm. As a loving wife and mother of two, Jane was seeking control of her financial future while remaining present for her young daughters. As a day trader, Jane has been able to accomplish that dream; quickly becoming one of the most successful female day traders under mentor Timothy Sykes. Through her blog, YouTube videos, and seminars Jane hopes to inspire and empower more individuals to break out of their comfort zone and try day trading.Limit Up! is a podcast for traders of all levels brought to you by TopstepTrader. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory.Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.Learn about becoming a Funded Futures Trader at Topstep here: www.topsteptrader.com/Join our Facebook group to connect with other traders: www.facebook.com/groups/TopstepTraderCommunityIf you'd like to receive new episodes as they're published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.

Michael and Brian talk about what brought them to the market, what they like about the trading, and the goals of this podcastBooks mentioned:*Reminiscences of a Stock Operator https://amzn.to/2OOljEB*Dark Pools https://amzn.to/30riQqp*Market Wizards https://amzn.to/2OOQ7oH*commissions received

Goldin Martinez and Frank Raffaele join the show to discuss their new hedge fund called The FOCUS Fund that will also have a positive impact on kids and their money. We discuss money messages received while growing up, helping kids have positive experiences with money, learning how to manage money, poverty, books, exercise, Goldin's appearance on Mike Rowe's show "Returning the Favor," and more!Resources/Links:Get Focused website (YouTube page)COFFEED on InstagramThe FOCUS Fund on InstagramMake Your Kid a Money Genius by Beth KoblinerAoM podcast: Making Your Kid a Money GeniusReturning the Favor with Mike RoweFrank Raffaele on InstagramGoldin Martinez on Instagramthefocusfund.com (live after June 1, 2020)Tuesdays with Morrie by Mitch AlbomReminiscences of a Stock Operator by Edwin LefevreA Random Walk Down Wall Street by Burton Malkiel

The eery accuracy of the infamous 1920s book, which still holds true today.  Maybe markets really haven’t changed that much? IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

Have a question for Joe or anyone on the Spartan Up team? Here is your opportunity. Voice message or text 1.917.924.3002 and we’ll answer the best questions in another Q&A episode. This is a quick episode with some powerhouse advice from the gritty man himself. As Joe says, any day we get to wake up on this side of the dirt is a good day! Enjoy - smile - move that needle forward in your endeavors and send us your questions! Make them hard ones- Joe’s up for the challenge!    LESSONS It takes a village: include others in teaching your children Spend time with those close to you in the present  Burpees get rid of anxiety Stick with the things that matter  Move the needle forward on a daily basis Spend your time going after the big “game”  Cash is king Investing: wait till there is “blood in the streets”  Involve customers in funding your product/ service  In a difficult challenge: dust off & move forward  Make sure to smile    LINKS Want to ask Joe a question yourself?! Text or Voice message 1.917.924.3002   BOOK RECOMMENDATIONS  Reminiscences of a Stock Operator by Edwin Lefèvre Think and Grow Rich by Napoleon Hill   TIME STAMPS  0:00 Joe wants your questions!  1:30 How do you get your kids to listen to you?  2:10 What would you change from the past?  2:30 More countries in the Midwest?  2:50 How do you deal with anxiety?  3:00 How do you remain focused?  3:50 Why did you join social media?  4:30 Best financial advice?  5:15 Don’t chase the ridiculous bubbles- wait till there is blood in the streets! 5:50 Creative ways of raising money?   6:15 How to overcome bankruptcy?  6:30 Send us your questions via voice texts: 1.917.924.3002 SUBSCRIBE: Apple Podcasts: http://bit.ly/SpartanUpShow YouTube: http://bit.ly/SpartanUpYT Google Play: http://bit.ly/SpartanUpPlay   FOLLOW SPARTAN UP: Spartan Up on Instagram https://www.instagram.com/spartanuppodcast/ Spartan Up on Twitter https://twitter.com/SpartanUpPod   CREDITS: Producer – Marion Abrams, Madmotion, llc. Host: Joe De Sena  The Colonel, Dr. Johnny Waite & Sefra Alexandra are there in spirit !   Synopsis – Sefra Alexandra | Seed Huntress  Production Assistant - Andrea Hagarty   © 2020 Spartan

Timothy Sykes is a blogger, a millionaire day trader, teacher and now philanthropist through his charity Karmagawa.Sykes teaches students how to trade penny stocks. He has built a business around his controversial approach using blogging, content and social media marketing.Sykes is also the author of An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund.In this interview, Sykes explains: How he uses content marketing to build his business and promote his charity What it takes to stand out on social media today How he deals with online critics Why storytelling is every entrepreneur and creative professional's secret weaponAnd lots moreAttention writers!What's the best grammar checker of 2019? Find out in my guide and get a discount on your tool of choice.--- Send in a voice message: https://anchor.fm/becomeawritertoday/messageSupport the show (https://becomeawritertoday.com/join)

People literally ask me this one question ALL THE TIME… “Allen, how did come up with such a lucrative, safe, and easy way to trade?” I explain it all in my new book Passive Trading, get your free book here  https://www.passivetrading.com/free-book! Option Genius was built with you...the individual trader, the breadwinner, the dreamer, the rock your family depends on ...in mind. Because we know what it takes to become a successful and profitable trader. And that’s exactly what we help you do best. Get your $1 trial of Simon Says Options, our most conservative and profitable trading service here https://simonsaysoptions.com/stockslist-ss-trial-offer.  -- Allen: Welcome, passive traders, to another episode of The Option Genius Podcast. Today, I want to be talking about trading for a living without trading. Huh? What? Allen, what are you talking about? How do you do trading without trading, but to doing it for a living? That doesn't make any sense. Alan, what you talking about? Well, allow me to explain. Now, you see trading for a living sounds great. Whether you do it professionally and you manage other people's money and you get a percentage of the profits or whatever, or you trade for your own. You trade your own money and you grow it, grow it, grow it over time, and then you have enough money to earn a decent income from it so that you don't have to work. You don't have to do anything else. You're covering your expenses. We have people doing it both ways, and it just sounds interesting and exciting. It's like I trade for a living and it gives you a boost to your confidence as well, I got to tell you that. If you feel bad about yourself, but you're like, yeah, I trade for living. Oh, man. You're on top of the world. That's why they call themselves, these hedge fund guys, they call themselves masters of the universe. Because he is a key man. You got your chest stuck out like, I trade for a living! It's like if you're at a party, people come up to you and say, hey, how are you doing? What do you do? And you're like, I, trade for a living! I go into the markets and I bend them to my will to do my bidding, with just my wits and my brains. I make money from thin air. Ha, ha, ha, ha. Well, I mean, you probably don't want to do it with the evil laugh at the end. But I mean that's the way most people look at it. Unfortunately, most people have, even traders, have a misconception about trading for a living because they normally think of day traders who by definition have to trade for a living because that's their job. That's what they do. If they don't trade, they don't eat. If they have a trade on, they have to go to the bathroom, they can't. They have to wait until the trade is over. They can either pee their pants or if they leave, then they might lose money on the trades and they can't do that. But most professional traders are not like that. They let their assets or their money work for them. They let the markets come to them and they only trade when they feel they have an advantage. This advantage, it doesn't come every day or multiple times a day. I mean, you take for example, Jesse Livermore. Now he's not famous anymore, but back in the day in the 1920s and '30's, this guy was the major trader. Everybody knew his name. He made millions back then and this is in 1920 dollars. He actually wrote a book about it called Reminiscences. I don't even know how to say this word. Reminiscences of a Stock Operator. He used a pseudonym as the author of that book, but there's another book specifically about him called Jesse Livermore, World's Greatest Stock Trader. Now I would urge you, if you're interested in stocks and trading and whatnot, even options, you should get both of these books. I love them. I read them from time to time. He's one of my favorite classic traders and you can actually learn a lot from the way he thought by reading his books and understanding what he was going through when he was thinking about trades, when he was ... when things were happening in the markets, how he would react to them. How we would see them. He was probably one of the first people who ever used technical analysis before they even knew what that was. At that time back then, they didn't even know or they didn't have any understanding that markets would move in certain patterns. And so, he was in his brain without even doing the charting in his brains, he was able to discover these patterns. But, he did not trade every day. He wasn't in the market all the time. His keys to success, one of them at least was to wait. One of his most famous quotes is that the money is made in the waiting. He was called the boy plunger. So what he would do is he would wait. He had his whole big stock portfolio just sitting there waiting. Not in the markets every day. He didn't care what happened every day. But then, he would notice something happening in the market. He would notice that there is something abnormal happening and then when that happened, he would go all in. Now I'm not saying we need to do this. Eventually he did end up going bankrupt. Actually he went bankrupt several times, but the last time he couldn't recover. I don't remember if he actually killed himself or not. I don't remember that part, but he ended up, he never recovered the last time. But, he was able to make millions along the way If he had put it into other investments, he probably would've been okay, but he didn't, so there's also that lesson to be learned. But then we have, what he was waiting for, the proper opportunity. He was waiting for the chance where the odds were in his favor. Now he wasn't selling options. I don't even think they had options back then, so he didn't have the opportunity that we have as option sellers and passive traders to wait and to do trades that have the odds in our favor from the beginning. But his thing was, he was a stock trader and so he would wait until the market showed him or a particular stock showed him that he was going to make a big move in one direction or the other. That's when he would go all in for it. Now, I bring this up today because right now it's August, 2019. When I'm recording this, it's today's the seventh. The markets this month have started off very rough. We're down about 7% on the S&P 500 as I record this. Now, I don't know what's going to happen later on, and it doesn't really matter if you're listening to this much later. You could be listening to this to a year or two years from now. It doesn't really matter. But the fact is that this is going to happen. There are going to be times in the markets where we have big declines or we have big upswings, but mostly the declines happen really, really fast. The bull goes up the stairs, the bear goes out the window. The bear's going to go down a lot faster than the bull makes it up to the top. But in that event, what do you do? Should you be trading in such a market when in one week the market is down 7%, it's down 3%, then it's up 2% then it's down 5% or 4%. Well, if you can make money in a volatile market or you're a pro short seller, then yes, go ahead and trade. That's your element. That's your thing. You go and you do it. But if you're a at home gamer option seller, then probably not. I had this argument with one of my students in our Blank Check Coaching Program in which we sell oil options. That's the whole program there. We sell oil options. He was upset because he was trading for a living. Doing well at it for several months, over a couple of years. But he was upset when the oil market was not cooperating. Now I tried to explain to him, I said, look man, you don't always need to be in the market. Every month the market is not going to cooperate. It doesn't matter how good your strategy is, how good your trading plan is, how good of a trader you are. There are times when you will lose money and there's nothing you could do about it. But the reason that we sell options, we know that over time we are going to continue to win. It's a longterm game. Not just over one month or two months but over 12, 24, 36 months, we know that we're going to come out ahead. So yes, this month, August, 2019 might be a volatile month. It might be a down month and you might have lost a little bit of money. But if you're an option seller, we have the opportunity to get back in right next month and do it again and make money and then make money and make money and we'll go recover our losses. Over the long term we come out ahead. But if you are trading for a living, sometimes you don't have that ability to look at the long term because you've got to pay the mortgage this month. And like the student, he expected to take his expense money out of the market every single month. That's just not realistic. Now you might be sold something otherwise, you might be told oh hey, you could be a day trader or take this course or take this course and we'll teach you how to make money every single time. All your expenses will be paid from the market. No, that's not realistic. I'll tell you the truth, right now the markets are down. I currently only have one trade on in my trading account. I mean, in my retirement accounts, I still have my covered calls and I have some naked puts on that I sold to take advantage of the situation of this downturn. But in my trading account, I have one trade and it's a small trade. That one trade is not going to pay my bills this month, but that's okay because I knew that this type of event can happen. I built in a safeguard and I have a cushion. I know times like this will come when I don't want to be trading. You look at any hedge fund, they are not fully invested all the time. Heck, they're almost never fully invested. Meaning they don't always have 100% of their money at risk in the market invested in something. They don't have to make a killing every single month to survive. They play the long game. It's about a yearly return for them. Even though we sell options and we trade and we talk about trading for a living and our expenses come every month, that doesn't mean that we have to look at our trading on a month by month basis. I mean, of course we do because we want to see how we're doing. But if you look at it on a yearly basis, you'll get a much better picture and a much better idea. If you look at long term 12, 24, 36 months, that's how your account grows. So when people asked me, Allen, how much of my money should I put into this trade or into this strategy? Or how much money do I need to make X every month? I'm not sure what to tell them. It's surprisingly how often I get that question. Alan, I need to make $2,000 a month. How much money do I need? I can't tell you. I mean, we did an episode on that to help you figure out what number. I don't know what it podcast episode it was, but if you go on the list, that's the title of it. How Much Do I Need to Make X? You can listen to that one. I go into that more detail, but every month is different and every person is different. I don't know. I can't give you a number and say, if you want to make $5,000 a month, well you need to have an account with, oh, let's say $50 thousand dollars and you'll make 10% every month. I can't say that because there might be some months when you do, but they're going to be other months when you don't. That would be a lie. There's too many variables. You need to have your trading money and if you trade for a living, you need to have savings, a cushion that you can tap into when you are not trading or the markets are not cooperating, which they do from time to time. The worst thing to do in this situation is to force a trade. Because if you feel like, oh man, I have to do something. I have to do this. I have to do something. I have to take advantage of the situation. Oh the market's dropped 7% I don't think it's going to go up anymore. I think I'm going to go short the market right now. Well, when the market drops two, 3% in a day or more, it can turn around the next day and jump up the same amount or even more. If you force a trade, you stand the chance of getting your face ripped off and that's going to double the compound. I mean, maybe you already lost money because the market went down unexpected. Okay, fine. You lost money. Well, now you're going to double down and say, all right, now I'm going to short the market and the thing's going to rally because that's what markets do. Then you're gonna lose on both sides and then you're going to be even more upset. Then you're definitely going to be on tilt, which means you're not going to be emotionally stable. You're going to be looking at all different kinds of trades and you're always like, aw man, I got to pay the bills this month. I've got to pay the mortgage. Oh my God, what do I do? What do I do? That's not the way to trade. That's not the mental status you need to be trading. That's not the way, the time, the mental frame that you need to be in to trade effectively, to trade properly. It doesn't matter what strategy you're using. So yeah, if you want to trade for a living, you need to know when not to trade and that you don't always have to be trading. That's the whole point of this episode. Don't force trades. Don't always be trading. Like that student I mentioned, if you have to always be trading to earn an income, then that tells me that you don't have enough funds to be trading in the first place for a living. You should go up and save more. That's the bottom line. So while the pundits on the financial media are freaking out right now and nobody knows when the markets are going to stop falling. I am just going to sit on the sideline and wait. I'm going to wait for the VIX to calm down. I'm going to wait for markets to calm down before I dip my toes back in the water. I mean, I had my trades on and this month I'm going to lose money. I already know that. Well not necessarily, the month is still young. But I had my trades on, and the markets turned around and I got out. I took losses and I got out of every single trade except this one. I'm like okay. My losses that I took are manageable. I didn't wait and think, oh, things are going to turn around, things are going to turn on. No, I saw a change in the market and I said I'm getting out. We did that. We did that on all of our services Option Genius, Simon Says, every trade we're out. Now, when the market calms down, we're going to get back in. Then the trades that we put on, hopefully will recover what we lost and hopefully more. Or if not this month, then in the next two, three months we'll recover everything that we got back. That's how you play the long game. Because yeah, you'll lose a little bit of money in a month or two, but you add up all the wins from all the good months and that recovers and it gives you a good yearly yield. So when you look at the longterm picture, 12, 24, 36 you come out ahead. That's what I mean by you come out ahead that way. So again, trading for a living without trading means that if you are having to be forced to trade, if you have to be in the market all the time, there's a very good chance that you're going to lose all your money and that you're not going to be able to trade. Just like Jesse Livermore, he sat around waiting for the perfect opportunity for him. For us, we have good opportunities every month, but that doesn't mean we need to be trading. Doesn't mean we need to be in the markets. If we don't understand what's going on in the market. If the market is too volatile for our taste. If our strategy calls for a slow market and we don't have that, we wait. We only trade when the odds are in our favor. That's what it comes down to. Thank you so much for joining me on another episode. See you next time. -- LOVE ALLEN SAMA - OPTION GENIUS AND WANT TO LEARN MORE TRADING TIPS  AND TRICKS? HERE ARE SOME NEXT STEPS... SUBSCRIBE TO OUR PODCAST FREE 9 LESSON COURSE: https://optiongenius.com/ WATCH THIS FREE TRAINING: https://passivetrading.com JOIN OUR PRIVATE FACEBOOK GROUP:  https://optiongenius.com/alliance Like our show? Please leave us a review here - even one sentence helps. 

One of the great Investment books of all time is Reminiscences of a Stock Operator, which is the fictionalized biography of perhaps the most famous Financial Speculator of all time: Jesse Livermore. There is no doubt that even today, 100 years later, we can all learn from of the experiences of successful Investors. In this Best of Top Traders Unplugged, which I have appropriately titled Reminiscences of 3 Trend Followers, Michael Adam, David Harding and Marty Lueck, also known as the founders of AHL, finally shed light on one of the best kept secrets of modern finance.  I sat down with them in Abbey Road Studios in London, on the 30-year anniversary of when they founded AHL.  The conversation turned out to be witty, inspiring, and far more entertaining than it had any right to be.  So, enjoy these truly unique takeaways from my conversation with Michael, David and Marty, and if you would like to listen to the conversation in full, just go to Top Traders Round Table Episode 11. Sugarcoating The Medicine Of Trend Following Niels: Now, rightly or wrongly my understanding of Winton and Aspect, in the early years, was that both firms had an emphasis on Trend Following within your strategies. From what I've observed, over the years, this seems still to be the case for you, Marty, at Aspect, but perhaps less so for you David. So let me come to you first on this one, David. If my observation is right, when did you begin to move away from the classical trend following approach, if I can call it that? Also, what was your motivation for doing so? David: It's a question of degree. There's still a fair amount of Trend Following in what we do but when we were doing our research in the early 90s we did a literature review and looked at what else, what other opportunities there were and we scoured the literature. Time and time again we came across academic papers referring to what is now called carry - the phenomenon of carry.  So we focused a lot of our research on that.  We developed a bunch of trading systems which used that and we even got as far as implementing those trading systems. They all went a bit wrong in the ERM - when Sterling exited the ERM. At that stage, we had quite a bureaucratic board process and it had become hard to take risks and so all those systems were taken out. The significance is that they went on and worked very, very well for the next 20 years - as well as Trend Following, actually. So, we didn't use that until maybe 2005 or 2006 or 2007 but it worked extremely well. There were other things that we were developing back then, which also worked, subsequently. They're not in the form that we were developing. There are some things that we developed back then which we still use today. To really fully exploit the potential of this kind of research you have to move into equity markets and it took me a long, long, long time to develop all the infrastructure and expertise to deal with thousands of equities, databases, corporate actions, and so on and so forth. By the time we'd done that the easy money in Convertible Arb was long gone, that was long gone - after 2008 really, with a number of other strategies, the easy money was long gone.  My own pitch is I just don't think the markets... There will never be no opportunities for people to do more research in science. Some people think that we're on the verge of a grand unified field theory of everything, and a grand unified field theory of efficient markets, and I just don't believe that. I know people who say, "Well, what it is then? What is the next big thing then?" Well, I don't know, that's why you have to do research. Niels: Very true. You've stayed true to your roots to a large extent Marty: To degrees, to degrees, Aspect was predicated on this trend following approach being an important utility that was begin overlooked by the investment community. It really did deserve a place in people's portfolios. The irony,

Linda began her professional trading career in 1981 as a market maker in options. She became a registered Commodity Trading Advisor in 1992. She worked as a principal trader for several funds. In 2002 she started her own hedge fund, which was ranked 17th out of 4500 for best 5-year performance by BarclaysHedge.Jack Schwager recognised her great talent in his famous Market Wizards series. Since 2015 Linda continues to trade daily for her own account. In the world of professional trading and money management, Linda Raschke stands out from the crowd for three factors: performance, longevity and consistency.Most frequently when talking about trading, we focus on its positive aspects. Linda Raschke takes a different perspective in this interview sharing with us market lessons while highlighting the tension between luck, risk, and passion.To me, it’s an extraordinary interview with an extraordinary person summarising her great book titled “Trading Sardines”. It is indeed a 21st-century version of “Reminiscences of a Stock Operator”! Linda although being so successful as a professional trader, openly admits how repeatedly got her ass kicked by the markets.It sounds so attractive when we can mention how you feel making one million in one single day. Linda, however, puts an accent on being on the wrong side of outliers so many times that it is well beyond the random. Rare events are happening more often than we may think, especially if you are on the markets so long as Linda.

Linda began her professional trading career in 1981 as a market maker in options. She became a registered Commodity Trading Advisor in 1992. She worked as a principal trader for several funds. In 2002 she started her own hedge fund, which was ranked 17th out of 4500 for best 5-year performance by BarclaysHedge.Jack Schwager recognised her great talent in his famous Market Wizards series. Since 2015 Linda continues to trade daily for her own account. In the world of professional trading and money management, Linda Raschke stands out from the crowd for three factors: performance, longevity and consistency.Most frequently when talking about trading, we focus on its positive aspects. Linda Raschke takes a different perspective in this interview sharing with us market lessons while highlighting the tension between luck, risk, and passion.To me, it’s an extraordinary interview with an extraordinary person summarising her great book titled “Trading Sardines”. It is indeed a 21st-century version of “Reminiscences of a Stock Operator”! Linda although being so successful as a professional trader, openly admits how repeatedly got her ass kicked by the markets.It sounds so attractive when we can mention how you feel making one million in one single day. Linda, however, puts an accent on being on the wrong side of outliers so many times that it is well beyond the random. Rare events are happening more often than we may think, especially if you are on the markets so long as Linda.

Quinn Perrott (@QuinnPerrott) is the Co-Founder & General Manager of TRAction Fintech, a regulatory technology business. Quinn has been a long time operator in the Retail Forex space, whether it’s running leading businesses like City Index and AxiTrader, or deciding to create a business in the niche space of regulatory technology. What I like about Quinn is his fair assessment of where the industry is placed, and where it needs to go to improve the experience of the consumer. He has a unique perspective as a long time operator, with his knowledge helping average traders to understand the market and industry participants to better understand their business. This chat with Quinn was a great insight into what key elements define the RegTech business, and what he learnt as a former operator in Forex. We covered numerous topics, including: Living in Cyprus His path to Forex Starting TRAction Fintech What he misses about the FX/CFD businesses New regulation from GFC How blockchain tech can impact reporting   SHOW NOTES 01:33 - Introduction 03:39 - Living in Cyprus 07:44 - Where he grew up, earliest memory 09:15 - Lessons learnt from parents 10:19 - His path to Forex 14:09 - Starting TRAction Fintech 14:42 - What he misses about FX/CFD businesses 15:32 - Explaining what he does 16:25 - New regulation from GFC 17:14 - Reporting products, jurisdictions and new markets 18:58 - Trade reporting regulations 21:15 - The future of this industry 23:38 - How blockchain tech can impact reporting 24:39 - Most interesting observation of his experience 26:01 - What has and hasn’t changed in the industry 29:39 - Daily routine 30:11 - Book recommendation 31:05 - Best purchase under $200 32:02 - What seems obvious to him but not to others   LINKS (IN ORDER OF EPISODE) Quinn on LinkedIn TRAction Fintech City Index AxiTrader Cyprus Sophie Gerber Access Forex The Wolf of Wall Street 2008 GFC MetaTrader Million Dollar Pips Reminiscence of a Stock Operator, by Edwin Lefevre Amazon Echo Neuralle Media

Rob Gilmour is a wealth manager helping private clients to understand their money choices. He’s a self-confessed financial nerd and offers a range of skills from accounting and law to financial planning.We discuss:How the actual mechanics of share trading haven’t really changed for many decades even though paper share certificates and graph paper aren't used any more.Own a share and you own a part of a company.How easy it can be to get caught up in hype around a share.The classic text about share trading - Reminisces of a Stock Operator by Edwin Lefèvre a thinly disguised biography of Jesse Livermore who was one of the greatest share traders ever.Managed Funds, ETFs and LICs what do they mean?Rob's website is https://wealthsimplicity.com/ if you'd like to have a chat. Don't forget to mention this podcast if you get in touch.Here's a link to the blog post https://www.sharesforbeginners.com/blog/rob-gilmour-wealth-simplicitySharesight is the best portfolio tracking tool in the known universe - and they are pleased to extend a SPECIAL OFFER to listeners of this podcast: 2 months free on an annual premium plan! Click here and sign up now for a 7 day free trial.Shares for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any shares based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation.

My guest today is Paul Britton, a portfolio manager at Apollo Systems Research Corporation. In high school Paul's dad put him into a stock that went from $5 to $60. He took his profit and put money into a couple more stocks that turned out to be winners as well. These lucky trades peaked his interest in markets. Shortly after making these initial trades, Paul's dad also gave him a copy of “Reminiscences of a Stock Operator.” He started working and looking at data trying to see if he could get a system of his own to work. He quickly learned that you can play around with entry and exit points, markets, etc., but as long as you pick up on the big trends and ride them until they lose–that was the #1 way to make money. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Momentum bias Let your winners run Fundamental trading Diversification Global macro trading Compounding Supply and demand Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Paul Britton is a portfolio manager at Apollo Systems Research Corporation. What got Paul going down the trend following path? In high school Paul’s dad put him into a stock that went from $5 to $60. He took his profit and put money into a couple more stocks that turned out to be winners as well. These lucky trades peaked his interest in markets. Shortly after making these initial trades, Paul’s dad also gave him a copy of “Reminiscences of a Stock Operator.” He started working and looking at data trying to see if he could get a system of his own to work. He quickly learned that you can play around with entry and exit points, markets, etc., but as long as you pick up on the big trends and ride them until they lose–that was the #1 way to make money. Paul lets the experts in different markets such as milk, coffee, orange juice, sugar, stocks, currencies, etc. “tell him how to trade” by showing their opinions hidden within the price. “You don’t need a fundamental expertise to be trading any of these markets.” Paul is in 110 different markets. He trades strictly off price and has no idea outside of price “why” stocks are going up and down. Every strategy they develop at Apollo Systems Research Corporation has to work on many markets and have maximum diversification. Paul loves adding diversity to his portfolio where other trend followers may not be. In this episode of Trend Following Radio: Momentum bias Let your winners run Fundamental trading Diversification Global macro trading Compounding Supply and demand

Episode 265:  I start this episode with a quick market review and rundown of the crisis du jour and then recommend a book for summer reading. Reminiscences of a Stock Operator is a must read classic for any serious student of investing.  It’s a quick read, narrative story that’s loosely based on the real life speculator & trader Jesse Livermore (1877-1940). Here’s my favorite Jesse Livermore quote: The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor. -------------------------------------------------------------- The Robots are Coming: A Human's Survival Guide to Profiting in the Age of Automation  available at AMAZON and all fine bookstores. -------------------------------------------------------------- 10 Wealth Building Principles:  http://www.wealthsteading.com/category/wealth-building-principle/ Full archives are available at:  http://www.wealthsteading.com ------------------------------------------------------------- Subscribe to the Wealthsteading Podcast: via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 YOUTUBE:  www.youtube.com/c/JohnPuglianoWEALTHSTEADING Prepare for retirement and gain stock market insight with money manager John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2018 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah. --------------------------------------------------------------

We’re seeing some signs of Ethereum evening out – will it pop back up? Plus an important reminder on how to view any buy backs with altcoins. Links: Reminiscences of a Stock Operator: http://www.coinmastery.com/store Gemini Blocks: https://gemini.com/blog/introducing-gemini-block-trading/ Dear Students: https://www.coindesk.com/dear-students-everything-bitcoins-way-1-billion-opportunity/ Novogratz: https://www.newyorker.com/magazine/2018/04/16/a-sidelined-wall-street-legend-bets-on-bitcoin Get your free PDF here: http://www.coinmastery.com/invest Subscribe to the Podcast: http://www.coinmastery.com/itunes Follow me on Twitter: https://www.twitter.com/carterthomas Trade With Leverage, Short Bitcoin + Become a Coin Master: http://www.coinmastery.com/bitmex Books + Other Stuff I Recommend: http://www.coinmastery.com/store Sign up for Binance: http://www.coinmastery.com/binance Contact: support@coinmastery.com *NOT Professional advice, this is all just my own opinion and experience. Consult professionals for any tax, The post Ethereum Leading The Way! When To Buy Back In, Gemini OTC, Building Frameworks, Novogratz – Ep179 appeared first on Coin Mastery - How To Trade Crypto.

Tim Sykes is the most famous penny stock trader in the country. He became a self-made millionaire when he took his $12,415 in Bar Mitzvah money and turned it into $1.65 million while still in college. He now teaches people how do the same thing and has more than 6,000 students in over 70 countries. Episode Highlights: Tim Sykes: "Being selfish is pursuing what you love..." How to handle fear when pursuing your dreams Why failure is good The growth benefits of traveling and seeing the world How to become financially successful and happy in life Don't Miss a Thing Get every episode automatically! Resources Mentioned Tim's website, Twitter, Facebook , YouTube & Instagram pages Timothy Sykes Foundation http://howtomakemillions.com/ (all funds go to Tim’s charity) Atlas Shrugged, by Ayn Rand Fountainhead, by Ayn Rand The Wolf of Wall Street Boiler Room Rudy Gattaca Working Girl The Upstarts, by Brad Stone Reminiscences of a Stock Operator, by Edwin Lefèvre & Roger Lowenstein Share the Value If you enjoyed the show, please rate it on iTunes and write a brief review. That would help a lot to spread the word and get more exposure for the podcast. Ask Questions or Provide Feedback To ask questions, request episode topics or provide feedback, email me at DrOrma@DrOrma.com Connect With Me [fb_button]   Follow @drsteveorma Additional Resources Therapy and coaching with me. **Some of the links above may be affiliate links, which means that if you choose to make a purchase, I’ll earn a commission. This commission comes at no additional cost to you, and I only recommend products or services that I think you’ll enjoy or may be helpful to you.

Ryan Moffett is the lead manager of the Blackpier Atlas Portfolio of Strategies spending the last 12 years specializing designing and trading robust systems and strategies. In those 12 years he has worked with and been mentored by traders out of the CBOE as well alternative hedge fund managers out of New York and California. Prior to managing Blackpier Capital, he worked for Martin & Company, a $2 billion investment firm as well as Gulfstream Capital, an alternative investment advisor with $40 million in assets.   Quotes To Remember: “You can have the greatest idea in the world, but if you can’t execute on that idea it ain’t much good.” “In baseball, you can be wrong 7 out of 10 times, you can still be an All star…..trading isn’t that different.” “Failure is constantly happening.” “One of the biggest parts of being a trader is understanding what the other side thinks and how they think.” “If you cover your downside, your upside will take care of itself.” “The market is never wrong.”   What You’ll Learn: The pathway to becoming a high performance investment trader Why it’s so important to surround yourself with people doing what you want. How to decide whether an investment is right/good for you. How to plan for bad cycles/periods How to differentiate between “false hype” and good analysis.   Key Links From The Show: Black Pier Capital Blog Black Pier Capital Site Black Pier Capital Email   Recommended Books: The Original Wizards by Jack D. Schwager Reminiscence of a Stock Operator by Edwin Lefevre How I made $2M on The Stock Market by Nicolas Darvas

Mastering Trading Fundamentals – Show Notes See in your browser: http://desiretotrade.com/099/ In episode 99 of the Desire To Trade Podcast, I interview Troy Bombardia, a hedge fund manager who trades the S&P 500 ETF's based on quantitative models that combine fundamentals and technicals.   What I like a lot about Troy is his emphasis on not being concerned too much by short-term returns. He, with the help of his model, places very few trades a year and has a strong focuses on the long.  Troy came on the podcast to share about what it's like to run a hedge fund as well as how to interpret the markets (Stocks & Forex) with a fundamental perspective. He described very clearly how someone can start mastering trading fundamentals in the Forex market by looking at one simple thing: the money flow. In other words, where the money is going. I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! “Work hard, it's not how smart you are. It's about how hard you work” – Troy Bombardia “If you're not really sure about a trade, don't take that trade.” – Troy Bombardia In This Episode, You’ll Learn… Starting to trade in high school How Troy manages his trades to capture the big market movement What made Troy decided to go long-term trading the S&P index How to adapt to the currency market & mastering trading fundamentals The Fundamentals you need to understand in Forex How to define the long-term direction of the market & benefiting from it The resources to get your news whenever you need them And much more! Books Recommended Market Wizards: Interviews With Top Traders by Jack Schwager The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle Reminiscences of a Stock Operator by Edwin Lefevre DesireToTRADE’s Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Troy Bombardia? Bear Market What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Some books take legendary status because of the breadth and depth of the content and their ability to become a guiding force for its readers. On one end, we have books like The Intelligent Investor and Security Analysis from Benjamin Graham which are always in an investors reading list. Similarly, if you ask the traders, two books are always in their list. One is The reminiscence of Stock Operator and the other one is The Market Wizards. Almost every market participant who has read the book has enjoyed it. The book has inspired and guided millions of traders & what differentiate these books from other profiling attempts - is the amount of depth that the interviewer goes into. Today, we have with us the Man behind Market Wizards - Mr. Jack Schwager. Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books like: Market Wizards (1989, 2012) The New Market Wizards (1992) Stock Market Wizards (2001) Hedge Fund Market Wizards (2012) Market sense & Non sense (2012) Schwager on Futures (1995) Getting started with technical analysis (1999) He is one of the founders of FundSeeder, a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities. Without much delay, let's profile the profiler: Jack Schwager Notes: [4:00]: The transition from a Fundamental Analyst to a Technical Analyst. [6:00]: Does Fundamental analysis contradicts Risk Management ? [11:00]: Can one person wear both the hats of Trader & Investor ? [17:30]: Views on averaging up & averaging down ? [27:00]: "The best trader that I ever interviewed" [29:00]: Don't judge things on Returns alone - without understanding the underlying Risks taken. [36:30]: Are great traders born or is it a skill that can be cultivated ? [43:00]: Is there a universality in technical strategies & are they equally valid in all markets of the world ? [46:30]: Where to look for inefficiencies while developing an indicator ? [1:00:30]: Process followed to interview the Legends of Investing. [1:03:00]: What things that didn't worked during previous interviews ?

Michael Covel interviews Josh Hawes. Josh is the Risk Officer and Investment Manager of Hawking Alpha. He is a trend following trader now who started off at Goldman Sachs. Josh breaks apart the trading industry, highlighting many of the cons associated with the mutual fund space. Josh has always had a passion for math. He started looking at the performance of different funds within Goldman. As soon as he started to look at returns of some, he began to see a disconnect. They would judge themselves off “beating the index” but they were still losing massive amounts of money. They would also have access to CEO’s of top companies and still not be able to make money off of the information they would share. This is when he began to transition out of the company and turn to other forms of trading, not just long only. Josh was given many books to read while at Goldman. “Reminiscences of a Stock Operator” was one that resonated with him the most. “Trend Following” was another book that Josh had come across. “Trend Following” triggered him to reach out to some of the traders mentioned in the book. Ed Seykota and Jerry Parker were just a couple of the traders he was able to spark up a conversation with by reaching out. Next, Michael and Josh break apart index investing. Josh says everyone should ask themselves, “Why does the market owe you anything? And if the market goes down, does that not mean that the markets can go down for a long period of time?” You can’t say that you should go long the market because for 200 years the market has gone up. There has been massive ups and downs and you have to be able to navigate the down periods. Michael then asks, “How does one become the next Warren Buffett?” Josh says that 2008 is one of the best examples of why you could never be the next Warren Buffett. There are a lot of people in the mutual fund space that try and mirror Buffett. Some of these people fail trading the exact strategy as Buffett. So does that make Buffett lucky or a genius? Josh and his firm guarantees to always follow their stops. He guarantees his clients that he will be a trend follower and although he can not guarantee any level of return, he will always follow his stops. This sets Josh and other trend followers apart from fundamental traders. Josh then segues into what he believes are the four ways to make money: When prices move, when prices don’t move, arbitrage, and high frequency trading. He expands on these four points and gives examples. Michael and Josh end the podcast on the importance of talking directly with clients and connecting with people on a personal basis. In this episode of Trend Following Radio: Trading off fundamentals Keeping up with the Jones’s Smooth equity curve’s Concept of an Index Mutual fund industry 10,000 hours Arbitrage High frequency trading

Michael: Hello everybody, this is Michael Gross of OptionSellers.com here with your Option Seller Radio Show. We have a very special guest for you this month. This month’s guest is Price Headley. Price is the founder and president of BigTrends.com. He is one of the nations most well known experts on options trading and technical analysis. Price was also inducted into the trader’s hall of fame in 2007. Price, welcome to the show. Price: Thanks Michael, great to be here. Michael: Price, I know you’re very familiar with many different types of options strategies. I’m sure several of our listeners have been to BigTrends.com. It’s a very informative website. Maybe we can start out, Price, by you just telling us a little bit about your background and how you got started in the trading industry. Price: Sure. I was a student at Duke University, actually, studying to be an equine veterinarian. My family’s been in the thoroughbred horse business for generations, and I think I was going to go down that path and then got hooked into a trading contest, a collegiate contest, where ironically I was in the bottom quartile of participants in a four month contest with a month to go, and realized I needed to do something different. So I started actively trading it every day. This is just paper money back in the late 80’s. Turned around and finished in the top 1% of participants and said “Yeah, I think there’s some opportunity here, something I’m really good at, so I told my dad I wanted to do something more conservative than thoroughbred horse breeding. I wanted to trade stocks and options. He thought I was a little crazy, but actually it worked out really well. That was kind of a formative point for me of realizing I really enjoyed more active trading and saw lots of opportunities there. That was back in the day before the Internet, just reading the paper and seeing things that were happening. Now, of course, there’s just even more at all of our fingertips with the Internet, and the ease of access of information. Michael: Okay. So tell us about BigTrends. What do you provide there? How can investors benefit from that? Price: Yeah, sure. I launched BigTrends.com back in 1999 and did it because I thought such a push for information on the web. At the BigTrends.com site, for starters, a lot of free educational information about active trading, and, in particular, you allude to option trading. I’ve always felt like once you learn the core principals of how to find the right stock or market to trade, you of course then can learn option strategies to figure out how to trade that with a lot less capital and a lot more potential return on your investment and still control your risk. We teach people all kinds of strategies, not just in technical analysis, which is pretty much a driving factor for active traders, but then also aspects related to the psychology of trading related to how to build your trading plan. Really just all the different aspects that a trader’s going to go through to assess how to create essentially a business plan to be successful in trading over time. Michael: So, if somebody wanted to be a self-directed trader or, especially, self-directed options trader, your site would really show them a system of a way to get set up to do that. Price: Exactly. Whether you trade stocks, options, even futures, you can apply those principals, but yes, the options is really our focus so that you can really take more control over that part of your portfolio that you want to control. We don’t tell people that you shouldn’t put all of your money into options strategies. We recommend diversification across a lot of different vehicles, but for that piece that you want more of a kicker on your portfolio for additional growth, and then come opportunities. We see more and more people taking that step to empower themselves, and, of course, education is really the starting point to have the proper knowledge to then do things correctly over time. Michael: Okay. You authored a book, Price, called Big Trends in Trading. It’s an Amazon.com investing bestseller. Can you explain a little bit about what that title means and what type of an approach you recommend in the book? Price: Absolutely. So, Big Trends in Trading, I really wanted to take a more quantitative approach in terms of showing people. I wasn’t just talking the talk but actually backing up what I was suggesting as the appropriate strategies to have a meaningful edge by actually showing a lot of systematic trading that I had done and testing that I had done, so actual results based testing. Everything we do here at BigTrends is really geared around that philosophy, which is it has got to have a meaningful edge, not just a little edge, because you’ve got to, obviously, as a trader overcome the cost side in terms of the commissions that you pay, plus any of your other setup costs for your computer and what not. Basically, our view is looking at systems that had a meaningful edge. I started BigTrends in trading with really the overall market-based systems how to really effectively time the market. A lot of the conventional literature says you can’t time the market, but my experience has said that there are a lot of opportunities where you can time the market. More importantly, all of the big mutual funds will tell you that you can’t because they want to have you keep your money with them so they can keep collecting fees on your mutual fund money, but the reality is that would have you miss the best twenty days how much return you give up. But actually, if you miss the best twenty days and the worst twenty days, you’re still ahead of the game because of how painful those crashes can be if you’re invested. Of course, we also like to teach people on options, you know, how to profit from the downside as well as the upside. So, to me, options open you up to a lot more opportunities. We take big trends in trading from the overall market to then stock selection trading, including some indicators I’ve developed, like one called Acceleration Bands, which of course is, as the name sounds, geared around finding faster moving situations which is pretty much how I built my capital to be able to start BigTrends from money I made myself in the 90’s. Basically, from that point, taking you into options strategies and then some people even say the last chapter is the best one, which is the trading psychology money management piece, where there’s a lot of smart minds on Wall Street that have blown themselves up because they basically flew too close to the sign, had too much leverage, got too aggressive. So, it’s about how to keep yourself balanced through the invariable winning and losing trades and how to stick with the game for the long haul. Michael: You made some great points there, Price, and anybody listening, if you want to take some notes there there’s some great insights to any type of trading there that Price just mentioned. Price, one of those things, the reason I bring it up is because we preach a lot of those same principles when we’re talking about applying options in the commodities markets. Two things that I wanted to touch on that you made a good point of there: One is the importance of systems, which we talk about a lot. I think a lot of people, especially investors I talk to, they start out on options “Oh, I’m going to try one here, try one there”, and a lot of people that just dabble end up losing initially because they’re just testing it out. The people that really benefit over the long haul use a system. They have system, they have rules they follow, and it sounds like that’s one of the big things that you’re talking about in your book. Price: Absolutely. Those systems can be critical. If you’re just kind of saying “which way did you wake up on which side of the bed this morning”, and kind of just trying to react to the news, that reactivity is what gets a lot of traders in trouble. You really have to take a more proactive approach and, as you said, Michael, that’s what the systems approach will help you with. Michael: Price, there was another point there that’s very interesting you brought up. Tell me if you agree with this. It’s been my experience that a lot of investors that aren’t real familiar with options yet, they tend to have a biased to the upside, where we have to buy and hope the price goes up. One of the biggest adjustments, or benefits, you could possibly make for any type of options trading really is it doesn’t matter which way the market is going. If you have the right options strategy on, you can benefit if it’s going up, sideways, or down, just depends on the strategy you have on. Price: Absolutely. Like we were saying, it just opens you up to so many more scenarios. That was always the attraction to me to options. I’d say tell me which scenario you want- up, down, or sideways and under what timeframe, and we can construct an options strategy that will succeed if that basic view plays out. You can start cash-flowing markets that are going nowhere. You can, like you said, make money on the downside. As we all know, stocks fall faster than they rise. So, when you catch it correctly, there’s even more money to be made more quickly in put options, which are essentially rights to sell a security, which will become more valuable as the market drops. It really does open people up to a lot more opportunities, but as you said, the typical beginning trader comes in and maybe does some cover call options on stocks they own, still essentially neutral to both bullish types of strategies or just looks to buy calls, so I’m betting on the upside. You’re right, it’s a big conversion in mindset. You can’t just buy low with options, you can’t just think, “Well, stocks are down, so therefore I’ll buy some calls and it should start working it’s way back up”. You’ve got that time component on options are a limit life asset. So, basically, if you just sit still in a stock, it’s not going down anymore, but if it’s not going up and you bought calls betting on it going up, a lot of people, of course, buy the at-the-money calls that are about where the current price of the stock is, those are most vulnerable to the passage of time. So you really need to get speed of movement, which is why the techniques like the acceleration bands are so important to catch. That phase of a trend that’s moving faster than essentially what the market expects. Michael: Sure, those are all great points as well. I’m going to talk to you a little bit about your preferences in trading here. I know you’re both an expert in technical timing as well as options, but in reading some of your blog entries and articles, CBOE and on your website, you also provide an incredible amount of fundamental data on stocks, the economy as a whole. Do you feel fundamentals play a role in technical trading? Price: Certainly, fundamentals really create the backdrop. If you think of it as kind of a time frame sort of a differentiation, the fundamentals create your long-term backdrop and your technicals are much more of the short-term, sort of how your zigging and zagging within what kind of an environment fundamentally you’re in. Remember, also, it’s not just the environment we’re in, but the markets are going to anticipate when the environment is due to change. You know, if we’re talking about changes in interest rates, obviously interest rate policies had a huge impact on the bull market that we’ve had in the last seven years or so. Basically, you’re looking at that quantitative easing, creating that kind of easy money approach where really made stocks the only game in town, comparatively at least. From that perspective, that pushed a lot more money into stocks. When that starts to shift and you start to see when and if higher rates ever do come around, that obviously will change that fundamental, and not become more of a monetary landscape, but it’s still part of this bigger picture of fundamentals you allude to. You’ve got to be careful though about certain fundamentals like if you look at, say, the unemployment rate and the jobs data, that’s a very lagging kind of indicator. So yes, the unemployment rate’s been cut in half over the last seven or eight years, but basically if you say “buy because they unemployment rate’s low”, you’ve got to make sure those fundamentals are really catalyst in drivers of future impact. We put a lot of energy into things like earnings, because earnings are very important in determining the ultimate value of a stock, as essentially the amount of anticipated cash flow, not just now what it’s generating, and how it’s anticipated to generate in the future. From that perspective, I’d say if there’s one fundamental that I constantly look at, it’s earnings and how not just the actual earnings but how the stock is behaving after those earnings reports. So that’s a really good one to keep in mind, because good news tends to beget more good news, and ones will tend to pile on to positive news and start upgrading the stocks, so those things kind of almost become self-fulfilling prophecies when you’ve got a really positive earnings surprise. On the other side, when it’s starting to roll over and you start to miss earnings estimates, you really do see the analysts jump ship a lot and you see a lot of pressure on stocks that are missing their estimated earnings. Watch the news and, of course, watch how the stock behaves after that news with different rallies, after earnings news it also can be a pretty good sign that there’s still more institutions that want to be a part of that earnings story going forward. So, you get kind of an extended catalyst that can last from quarter to quarter and even from year to year. Michael: Okay. Yeah, that’s very similar what we do over here on the commodities side, Price. We’re using the fundamentals as the background, maybe leaning on them a little bit more because we’re focusing on supply/demand here. From what you’re saying, it sounds like the fundamentals are the backdrop, and if you do get, say, a stock that gets a positive earnings, maybe you’re watching technical signals a little bit closer for buy signals at that point. Would that be fair to say? Price: It would be fair to say that, assuming you’ll align your technicals with that backdrop of the fundamentals. If they don’t align, you’ve got good fundamental news but you’re seeing things that look bad technically, we kind of will pay attention to that, but maybe just not try to take those trades where you don’t have that alignment between the technicals and the fundamentals. So, to us, a lot of traders think, especially newer traders, when they get into the game they’ve got to trade every day to justify their choice to be a more active and more involved trader a big part of their time, but, actually, a good thing to remember is that being a good trader means you’re first a good observer of what’s going on. You know when the odds are in your favor versus if they’re not in your favor, you get these cross currents between those technicals and fundamentals, and you learn to back off and that it’s okay to have a good portion of cash if you don’t have a clear edge, and wait until you have your edge to start to then make your investments accordingly. Michael: Okay. Let’s talk about technicals for a minute. I’m sure you could probably talk to us for the next eight hours about technical trading. From a real technical guy like yourself, do you have any favorite indicators that you like to lean on? Price: Absolutely. There are several that I go back to again and again. I’ve mentioned my Acceleration Bands, which people always ask “Is that like a Bollinger Band”, you know, John Bollinger developed a standard deviation band that’s become a real staple in a lot of people’s analysis. There are some similarities to it. The difference I would say with Acceleration Bands is they factor in the trend component more, in addition to the volatility component. We want to know what the expected range of prices should be for a stock or a market, but then we want to know when it moves out of that expected area. That’s when you see shifts in people’s perceptions of value, that’s when you see major trends develop to the upside or to the downside. We’ve added in other indicators, some of which are out there on most platforms, for example, Larry Williams developed an indicator called the Percent Range Indicator, or often just called %R, and it measures where the stock is in it’s existing range from typically a low to high range, 0-100%, essentially is what we look at. We’ve found that actually stocks that continually stay in the upper quintile, that is, the upper 20% of their readings, are stocks that are usually continued to make higher and higher prices. So, therefore, it becomes almost a trend definer when something is staying in that “over bought” area. A lot of people have been trained in the technical world that over bought is a very bad word- that you should be looking for the downside. We found that, actually, over bought can be very good if it fits a certain profile. Does that idea that in an uptrend, sure, strength begets strength, but people want to be a part of things that are going up and want to bail on things that are going down. So, sometimes in the bottom 20% where you see some of the crash-type scenarios happen for stocks and markets, or the institutions keep saying no, they don’t want to be a part of that, they want out. From that perspective you’ve got to sometimes retrain yourself, and that’s what we’ve ended up doing at BigTrends a lot is retraining newer traders that come to us or traders that think they know how it works from other things they’ve been doing, and saying yes, in a trading range, over bought/over sold, it’s kind of just going to chop around, up and down. We’re looking for the more meaningful moves where you get really a flush. For example, January of 2016, beginning of this year, you had just a quick initial gap down in the markets very first day- very unusual. Usually that’s a positive day, more often than not, to try and see if we can get off to a good start for the new year. It gaps down and then we fall through the downside right behind that, and that led to really several weeks of persistent selling pressure in January. That created a real opportunity for downside traders in put options or, you know, other strategies geared toward the bearish side for options. So, my view is that you have to see something like that through the Acceleration Bands or through the %R, what we call the BigTrends way, which is just looking at those top 20 and bottom 20 percent areas where something can really start to really move more dramatically. Make sure, if you’re the typical trading range trader, that you don’t get caught trying to fade or bet against those over bought periods and think it’s going to come down or in over sold periods think it’s going to bounce back up, because as the old trading motto goes “the markets can remain ‘irrational’ longer than you can remain solvent”. So, the idea becomes see what the wind up trend opportunity is and learn how to take advantage of it. One of the nice things too, Michael, that we have showed people within say a %R trend phase is re-entry strategies. Once you see that first break down point, how do you get back on the wagon to play it for another pot down after a bounce? What we have taught and found quite useful is finding these what we call “re-tests”, and variably, of course, you’re in a downtrend, you will get a bounce. It might be a one or two day kind of a bounce on a daily chart, the short-covering rally kind of phase, and the question is, is that the bottom or is that just a quick short list sort of flush of some of the we cans, and then you see it stop, and you see it go into another leg down. That retracement phase is really where we find some really good, especially on a risk-adjusted basis, a really good opportunities to hop on board a train. If we’re wrong, and it does violate that little retracement area, then we’ll get right back out, but if we’re right about it kind of retracing and holding into that support of resistance, then we get the wonderful entries within a trend. That’s something a lot of trader’s miss, is they think “Oh, I missed the first breakout move, therefore I’ve got to watch from the sidelines. I can’t chase it now, it’s too late.” Yet, you’ll go back and look later and see wow, there’s a lot more life in that trend. We show people those retracement points to get back on the horse. Often times two, three, four, five times in a daily chart trend we’ve seen some that have lasted up to as many as ten really good re-entry points before that trend will finally fade. So, if you’ve got multiple times you can hop on effectively and then you finally get stomped out on a trend, it gives you a lot of confidence to say “okay, I can keep my risks low. If I’m wrong, I’ll be out quickly”. Especially with options that’s important because you don’t lose a lot of time, and if I’m right I catch a wonderful spot to hop on board for the next trend phase. Michael: Thus the term Big Trends. Price: Exactly. That’s what we’re looking for. Leave the little trends to everybody else and focus on the bigger trends for sure. Michael: Okay. Let’s talk about options strategy a little bit. Most of our listeners here, Price, are options sellers, but I’m sure a lot of them are interested in all different types of options strategies. I noticed BigTrends offers quite a bit of information, courses, and resources on trading options in general. Having experience in so many kinds of options trading, do you have one or two favorite bread and butter options strategies that you tend to favor in your personal trading? Price: Well, the first step would be to identify that there are opportunities, I believe, on both the selling side of options and the buying side of options. We know markets don’t trend the majority of the time, although there’s always a bull market and a bear market somewhere. That’s why we look at, of the 4,000 plus optionable stocks in the ETS, we probably look at several hundred of them we consider to be liquid and active enough to handle plenty of volume for our subscribers. On the sell side, we tend to prefer the credit spread approach where you’re sewing an option out-of-the-money, so you’re benefitting from that time erosion. Then, at the same time you sell one option, you’re buying another option a little further out, a cheaper one to protect yourself, so you’re still getting that credit, that initial premium, in that an option seller wants, but you’re also protecting yourself and defining what your worst-case risk is. We just found that we just like the credit spreads better for the defined protected risk. You know, if the market has a crazy gap or stock has a crazy gap, then you’re on the wrong side of it. You’re avoiding that bigger hit in the case of some kind of really bad news day that goes against you. So, defining your risk is very important, and we always want to go into a trade knowing what our maximum risk is on the trade. So, that’s why credit spread’s a favorite neutral to time-based strategy to collect premium. Michael: Okay, so your preferred selling strategy is the vertical selling spreads. Price: That’s right. Michael: Sure. Okay, that’s some great insight, Price. Let’s shift gears here a bit and talk about today’s market. There seems to be just kind of a general sense of anxiety right now about the state of the world and the markets. Are you seeing that reflected in stock option values you follow? Is anxiety still driving the VIX or do you see it calming down now? Price: Well, certainly the VIX has really plunged back down, you know, as the markets have rallied back up here and by mid-April the volatility indexes have really fallen. You know, those things tend to move kind of in opposite fashion as the stocks were dropping. In January, you saw that big volatility spike upwards, so those things and patterns really haven’t changed, in my view. We do expect to see a lot of second half volatility in 2016 as we head into and even after the presidential election coming up in November. We would expect, as you look back when we elected new presidents back in 2008 and also in 2000, those were pretty rough times for the markets there in the second half, and into really even the beginning of the next year, if not further. So, our view would be that, not to say we’re expecting there has to be another great recession and another 2008 necessarily to kind of collapse, but we are expecting that we will see more volatility. Of course, that’s where you can kind of use options accordingly. One caution of course would be some people will look at the VIX and look at the VIX options and think, “well, the VIX is at 13. If I’m buying a 13 call or a 13 put it should be the same price”. Well, it’s not, because the VIX is priced against the futures on volatility, which are expecting that we will see a snap back in volatility in the second half. So, I’m not necessarily saying anything the market’s not already expecting to some degree, the question is can we get more volatility than what the markets expect? So, just be careful on that when you look at your options. You’ve got to make sure you’re pricing against the proper vehicle on volatility levels. Bottom line, we think that there is some bit of resonance, even as the market’s snapped back towards these highs, we see that people are kind of worried with the way the markets started in January this year, and worried about if that’s a pattern that is going to be played out again like what we saw in 2008. I would say, that’s a real simple, technical indication that you can keep an eye on with the 200 day moving average. That’s just a simple trend line looking back to the last 200 day closes. If you look back in 2008, we never retook that after the break down early that year. We got back up into it about April/May, tested it, and then failed there. This year, we’ve actually retaken it on the major averages, at least on the SNP, the Dow, the NASDAQ 100, the rest of 2000 has not retaken it, so the small caps are lagging here. We said stay away from those. Some other areas like Biotech and Healthcare have been lagging, you know, so if you watch just that simple trend line, that will tell you, in the longer term sense, kind of who’s winning the war between the bulls and the bears in that bigger picture battle. So for now, we’re back above it. We’ll see if we can hold it here, which will be a good sign if we can, and if we can’t, that’s probably where you’ll see a lot more caution starting to develop if things start to unravel below that support line, which is maybe a couple percent below current levels right now. Michael: Price, do you have any gut feel for the year 2016 and the big election coming up? Do you see stocks continuing higher or do you feel like there may be another correction? Price: I’m kind of at two camps there. I kind of gave you that little overview that we’re expecting more volatility in the second half. I think certainly in the short term, we’ve been rioting the up-trend signal that we got on %R and from the other tools back in late February, and basically have been benefitting from that kind of steady adjustment back up. I am expecting, based on history, the uncertainty, the fear factor, of who the president’s going to be. You know, we know we’re going to get a new one, one way or the other, but we don’t know which one, per say. A lot of potential of adjustments that can happen there, so basically I’m expecting that we’ll probably see some selling pressure in the second half. So, with that in mind, it wouldn’t surprise me to come back and eventually retest the lows some 10% lower than current levels right here in mid-April. My view would be that, short-term, we think we can get a little bit more out of the market on the upside, but, longer term, we’re expecting that the markets will probably have some adjustment down in the late summer through the fall, and then we’ll see what happens, how the markets behave after the election. The big thing, regardless of what you kind of lean towards on some of those longer term expectations, is you still have to trade what you see not what you believe, right? So, you can’t start to buy a bunch of put options here betting on it, and then, meanwhile, watch those get eroded further because we’re in a short-term up-trend, and then basically blow them out because you just couldn’t take the pain, kind of a thing. Of course, like in life, timing in trading is everything. Our view is pretty much short-term. We’re riding the up-trend while we can, but kind of keeping maybe a little smaller allocation, maybe a little less exposure than we might otherwise have with those longer-term concerns. Again, like we said before, you don’t have to try to hit a home run on every trade, you don’t have to be allocated heavily on every trade. You can, certainly, if you have those lingering concerns in your mind, you can always take smaller positions. You can always sit on the sidelines if you’re really not sure, but if you’ve got some opportunities happening in the short-term, you can still trade them, you might just trade them a little smaller. So, that’s part of trading too, is knowing when to pressure bets, when things will wind up short-term and longer-term, versus if you have some of those crosscurrents, when to maybe trade smaller and be a little quicker to tighten your stop or pull the trigger on a trade at a smaller profit target if you’re just feeling like, “Well, we’ll take it and be happy with it and move back to cash, and wait for the next low risk entry point”. That’s the big part of it, right now, expecting some of those crosscurrents we’re going to trade a little smaller and try to wait until we really see things line up, if we move into the second half in front of and after the election. Michael: Okay. Price, I know you’re not a commodities guy, per say, but a lot of stock guys follow some commodities like gold and oil because it can have an impact on overall global economy. Do you follow any commodities prices like that? Price: Certainly oil and gold have been ones that have been on our radar for a long time. Oil is one that we were real bearish on in the middle of ’14 and as we got some of our really major breakdown signals. Those downtrends, in the longer-term, still remain in place. We’re getting some stabilization in oil here, but certainly nothing that I would view as any kind of a longer term buy signal yet. So, we continue to side with being cautious on oil and meanwhile, gold though, the other big one that would fall into the commodities space, you know, that saying that started this year, we had some wonderful breakouts. So, my view would be that, yeah, that looks like it’s an improving trend that might create some real nice opportunities perhaps in the near term as we stay in this very accommodative monetary policy, not just in the U.S., but around the world. So, paying very close attention to gold here as we go through the rest of the year and into next year. Michael: Okay. Alright, Price, it’s just kind of a personal interest question, but do you have a personal favorite investment book? Not counting yours or mine. Price: Yeah, what I always tell people, I mean, there’s so many great ones, but Reminiscences of a Stock Operator by Lefevre. It’s based on the life of Jesse Livermore, the famed trader who lived some hundred years ago. Those principals still apply. I always have myself and my staff read that book at least once a year, because it’s just, more than anything, about the psychology of trading, how the crowd kind of reacts during different stages of a move, how Livermore essentially was trading it in the day and it’s a fascinating read and it’s one that those timeless psychological principles still apply, not just for stocks, but for any type of trading. I just think there’s something great about reading about what was going on a hundred years ago and seeing this stuff even with all the changes in technology, even with all the changes in computers, and what not, and hey, we can have a systematic approach, and guess what? Somebody’s still programming the computers, and that’s humans. There’s still a human element and you can’t eliminate emotions, but it’s like learning how to manage those emotions in your trading will, I think, give you a big leg up on the rest of the crowd. Michael: It’s a great book and it’s still in print and they still reprint it today. It’s certainly a classic and any investor should read if you’re really considering being a trader. Price, as far as your website goes as somebody just coming there, just looking at BigTrends, where would you recommend they start? What resources would you recommend first? Price: I mean, obviously, on the BigTrends.com site there’s so much free content there. That’s a great way to just kind of dive into the educational link on the top. I’ll walk you through a lot of free educational articles and content. Then there’s a way that people can, with my compliments, become a BigTrends insider. There’s a sign-up box you can just put in your name and e-mail, and basically you can get on our list for, not just the newest articles, but also other special education events. We do a lot of complimentary webinars, depending on the time of year and where we see things we want to point out to people that might be opportunities to consider. So, getting into becoming a BigTrends insider on that little sign-up box there, on the top right of the site there on BigTrends.com, gives people the ability to get invitations to those complimentary events from time to time. So, that’s become a real popular starting place and we realize that everybody’s educational journey is different. Some people can absorb a lot real fast, other people want to take it a little slower, and we tend to encourage people to make sure that you get educated first before you try to rush into trading, because, of course, you rush into trading without the proper education, the markets will give you an education of it’s own that probably won’t be as favorable to your portfolio as if you actually get properly educated first and really make sure you understand risk as well as the right way to trade going forward. We’re big believers that education is critical. A lot of people think they get out of school, when they’re done with school, for their life. I think that’s the exact wrong approach. I always say it’s better to be grieving growing than ripe and rotting. So, you want to make sure that you always feel like you’re looking to add that next edge into your portfolio, that next opportunity. I’ve been trading for more than 25 years and still always looking and testing for additional edges, additional things to add, because that just keeps you sharp. That way, you don’t get complacent, and the markets have a way of humbling those that get a little bit too overconfident in their ability. So, we always want to stay humble and stay in that constant learning mode. I think it’s a really powerful value that can serve you for the rest of your life, in trading and in life in general. Michael: Great points, Price. One thing I want to mention to our readers and listeners is one of the things we talk a lot about is, not only diversification of strategy, but diversification of asset class. Both of those things are important. If you’re listening to our radio show here or reading our newsletter and you probably have an interest in either commodities or selling commodities options, a lot of people want to diversify into stock or stock options, or vice versa. That’s what Price does. That’s what BigTrends does. If you want to learn more about it, it’s a great website to learn more about stock options, stock option trading, and I looked at it and I certainly recommend it to anyone interested in that aspect of that asset class of stock and stock options. Price, I want to thank you. This has been a great interview. You got some good information to share with our listeners here, and we hope to have you back again at some time in the future, if you’re willing. Price: Oh, anytime Michael. I really look forward to it. It was a lot of fun and I enjoyed it as well. Look forward to staying in touch and wish everybody great trading in the rest of 2016 and beyond. Michael: Perfect. Thank you, Price, for everything.

Who among us hasn’t had that well-meaning soul try to steer us clear from day trading? I remember working at Dell in the early 2000’s. I had a fairly easy job at the time. It was an internal support job where we took calls from sales people and tried to answer questions that they didn’t know. At times it was the easiest job I ever had. These were the early days of the internet. And sometimes, for hours on end, I would have 1, maybe 2, three-minute calls per hour answering simple questions about some internal policy. Easy stuff. The rest of the time I was ‘surfing the net’ with my colleagues. One guy got so comfortable he got fired for bringing his video game to work a couple times. The fact is, he could do that and still answer his calls because the queue was so dead most of the time. At least I thought so. Unfortunately for him, our manager didn’t agree. So he was canned and none of us brought video games up to work again. Such was my life at Dell in the early 2000s. Day Trading is for Fools? Anyway, I remember chatting with one of the team leads about my desire to get into trading. I had just met a couple traders at church and was interested to get started in their program. Being a more cautious person than yours truly, he recounted his ‘friend’ who tried day trading and failed miserably. He didn’t know how anyone could make it as a day trader. Nevermind how bank traders make a living day trading. Forget also how a host of other day trading jobs pepper the financial services industry. But he was in tech and they were in finance and never the twain shall meet. At least until the tech guys need money. Then they know who to call. Of course, that wasn’t the only person tried to steer me clear of day trading. There was my dad, then a client with his tale of a guy who killed himself after losing big in the market. Then there was a former boss who told tales of a former college athlete at our alma mater who swindled donors out of millions in a Ponzi scheme. Aside from my dad, none of these guys were that interested in trading. But they distrusted ‘day trading’ vehemently. It’s got a bad rap. Don’t get me wrong. Day trading can end pretty badly for some people. The most famous of those bad endings came in the postscript to Reminiscences of a Stock Operator, probably the most well-known trading tale in the industry. In the end, the protagonist, killed himself. That man was a day trader. True story. Yes, some day traders meet a horrible end. But does that mean, dear logic students, that ALL traders blow their brains out? I don’t think so. So despite your friends’ well-meaning advice, chart your own course in life. The road to day trading doesn’t always end at the mortuary…sometimes…but not usually. That was easily the longest introduction to a Trading Story podcast episode to date. But you guys didn’t download this episode to hear about day trading naysayers in my past. No, you want know something about day trading. So here goes… Definition: Day Trading

This week’s episode of Talking Trading features mentoree Stephen Warden. In this interview we get inside his brain, his money scripts and his trading life to discover that the best traders are those who have walked the long and arduous journey. A journey that took Stephen from student of the market to becoming a seasoned player with consistent wins. Find out what keeps him inspired and continually sharpening his trading edge.   STEPHEN WARDEN Stephen Warden is a Trading Game mentoree of 2010. He is a battle-hardened trader who has made huge wins in the market and also learnt some hard lessons. Hear about the time his money script came out and threatened to hurt him, the period his account went ballistic and why he is passionate about finding his archetypal trade. In this interview also hear how Stephen: Has 2 expressions pinned onto his computer: Take the next trade - you can’t fail AND Consistency is a state of mind   Reads a chapter from Market Wizards each night   Uses a checklist when trading   Treats trading like a casino with his trading plan as the house edge   Believes passionately that it takes no skill to place a winning trade but it takes enormous skill to trade consistently   Has 6 favourite trading books:   1. Trading in the Zone by Mark Douglas   2. Market Wizards by Jack Schwager   3. New Market Wizards by Jack Schwager   4. Stan Weinstein – Secrets from Profiting in Bull and Bear Markets   5. Darvas – How I made two million dollars in the stock market   6. Jesse Livermore – Reminisces of a Stock Operator  

As Director of Research, Michael Batnick spends much of his time reading research publications and keeping abreast of the latest trends in the industry. He assists Barry Ritholtz and Joshua Brown with portfolio management and data analytics and works closely with Kris Venne on the implementation and maintenance of client investments. Michael talks with prospective and current clients about the RWM portfolios, aiming to educate them about our how we are able to keep emotions out of our decision-making process. Michael passed the third and final CFA exam in June 2015. In his spare time, he enjoys reading and spending time with his wife and dog. He also writes a blog discussing financial markets called “The Irrelevant Investor”.   Book Recommendations Reminiscences of a Stock Operator by Jesse Livermore The Intelligent Investor by Ben Graham   Mike’s Challenge; Read outside of your comfort zone/area of expertise to get a more well-rounded understanding of the world.   Connect with Michael @michaelbatnick LinkedIn   Website  

In our continued conversation with Roy Niederhoffer, we discuss risk management, drawdowns, why negative correlation is so important to Roy, and what gets him out of bed every morning (and what keeps him awake at night). Learn more about how to create a balanced and diversified portfolio or what it takes to be a manager.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder ToolIn This Episode, You'll Learn:What has changed by the fact that more and more trading decisions are made by computers instead of humans.The issue of model decay in Roy's field.Why he has constructed his trading program the way that he has.His ten-step process from idea generation to putting it into the system. The research process laid out.How his firm does research.How position sizing plays a role in the short term space.How he keeps model slippage to a minimum.Risk management and how Roy deals with it.When to use discretion to reduce risk.What he learns from going through a drawdown.How he keeps investors in the firm during a tough time.How he personally deals with drawdowns.How he measures the effectiveness of his research.If his risk tolerance went down once he had more money under management.What the biggest challenge is for Roy in the short term management space.What investors are not asking him during due diligence.What makes him go into work everyday.Books that Roy recommends reading for managers and investors.How the office environment affects how investors perceive a firm.About downside protection and negative correlation.-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Resources & Links Mentioned in this Episode:Roy mentions the Extraordinary Popular Delusions and the Madness of Crowds.He recommends Reminiscences of a Stock Operator.Roy highly recommends Thinking, Fast and Slow.Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following”

Michael Covel talks with writer and trader Jack Schwager, author of the Market Wizards series, in his third visit to the podcast. Today, Covel and Schwager discuss his newest book, The Little Book of Market Wizards. Schwager also has a new program out called Fund Seeder. Covel and Schwager discuss how Fund Seeder acts as a liaison for traders and investors; the difficulty of starting out as a new trader; how Fund Seeder is a global opportunity; Schwager’s last book, Hedge Fund Market Wizards; the timeless quality of the Market Wizards books; Jesse Livermore’s Reminiscences of a Stock Operator; how human nature is the only thing that will never change; looking for a “secret recipe” in the Market Wizards book; “The Upside of Down: Why Failing Well Is The Key To Success” by Megan McArdle; why failure is smart and an essential part of success; the importance of failure in the context of education; behavioral economics; Jack Horner and thinking outside of the box; the importance of loving what you do for a living; and the importance of travel. More information about Fund Seeder can be found at fundseeder.com. The Little Book of Market Wizards is also available now from all major retailers. Free trend following DVD? Go to trendfollowing.com/win.