The parabolic curve chart pattern is one of the strongest uptrend patterns a stock can have. This type of pattern goes up the farthest and the fastest as it is under the strongest accumulation and every small pullback is bought by eager traders and investors. The parabolic curve is named after the parabola, because the […]
Many people aspire to be traders when they see the potential for making large sums of money. Money attracts interest in any field whether it is practicing law, medicine, or entrepreneurship. However there is a huge distance between wanting to be something and doing the work to achieve a professional goal. It is generally accepted […]
In 1929 Jesse Livermore’s fortunes were at their zenith. He had made a profit of $100 million dollars shorting the markets during the great crash. Yet, by 1934, he was bankrupt.In just five short years one of the greatest stock-traders the world has known lost his entire $100 million fortune. We cannot blame this on […]
This might not win me friends but it must be said…Not everyone is meant to be a trader. Yup, you read me right. Not everyone is meant for trading.Why?Because trading involves risk and not everyone can embrace risk in the same manner.Here’s a true story…When I was studying in polytechnic at 18 years old, I […]
Imagine:There’s a special coin in your hands.Every time it comes up heads, you win $2. And every time it comes up tails, I win $1.Now in the long run, who will win?You, of course! Because you have a mathematical edge over me.And it doesn’t matter whether you’re gambling at a casino, betting on horses, or […]
Warren Buffet, the greatest investor of all time, is worth USD 67.7 billion (as of this writing).Now, let’s assume that Warren Buffet has turned evil and wants to bankrupt all casinos.He plans to play Blackjack with the casinos and bet $5 billion on each hand. If he wins, he can easily bankrupt all casinos.But that […]
Here’s the thing:Every casino in the world has an edge over the players.But, why are some casinos more profitable than others? And why do some casinos even go bankrupt?On the surface, it seems like all you need is a statistical advantage over the players for you to mint money.But, that’s only one small part of […]
