A good article about trading and investing and how many beat the market. I like this statement from the article: The majority of people that lose money in the stock market donate their money to a minority of traders and investors with the edge of process, risk management, and discipline.
The S&P broke its sideways consolidation on Wednesday, then tried to fill the gap on Thursday, but failed (see chart below). Looks like we are resting for a day on Friday with some profit taking and we may be forming a cup w/ handle pattern which usually breaks to the upside, but time will tell. So, we'll watch for that next week. I was stopped out of QQQ for +.24% on Monday with a stop that was too tight on last Friday's low. I'm currently in VTI and XRT. I'm glad I have trading as a hobby to give me something to do during the day while my investments do all the heavy lifting for income and wealth creation! I'd be a fool to think that I could make more money from trading year after year than investing, but a very small percentage do and I admire them.
“Whatever you do, it’s important to build respect in your fellow man.” ~ Ned Jarrett
“Getting over a painful experience is much like crossing monkey bars. You have to let go at some point in order to move forward.” ~ C.S. Lewis
A good article for those that are struggling to pay your bills and get out of debt. The financial journey is a hard road, but well worth it when you have no debt, and enough saved for retirement!
A rather sad article about how many people aren't saving enough for retirement! I know my grown adult kids are sick of me talking about living within your means, saving for retirement, and stop buying into American consumerism. If you have credit card debt and not maxing out your 401k or IRA, you are living beyond your means!
“Autumn shows us how beautiful it is to let things go.” ~ Author Unknown
“I'd rather attempt to do something great and fail than to attempt to do nothing and succeed.” - Robert H. Schuller
“How can we disarm greed and envy? Perhaps by being much less greedy and envious ourselves; perhaps by resisting the temptation of letting our luxuries become needs; and perhaps by even scrutinizing our needs to see if they cannot be simplified and reduced.” ~ E. F. Schumacher
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Disclaimer: Information on this website is to be used for educational purposes only. Information found here are personal opinions and not advice from a professional financial advisor or broker. All trading and investing comes with risk!