Life is so precious, when you know you own a property or an investment to always keep you on go..I have no regrets starting my journey in cryptocurrency.
When it comes to the world of trade, most people don't know where to start. Fortunately great invest!ors of the past and present can provide us with guidance
@Sun Abelarda .Take my advice ( don't trade )buy or hold for years then get retired. You don't want all the stress and crazyness involved in trading. Don't believe the is formula
You don’t always have to think long term. Investing/Trading is as much a tool for shaping your present financial situation as it is for forming your future one. Do you want to buy a BMW next year? Do you want to go on a cruise? Wouldn’t a vacation that was paid for with dividends feel nice?
If you are investing in the hope of buying a house, you will almost certainly be looking at longer-term instruments. If you are investing to buy a computer in the new year, you may want short-term investments that pay dividends or some high-yield bonds.
The caveat here is that you need to pinpoint your goals first. If you want to go on a vacation in a year, you have to figure out the cost of the vacation and then come up with an investing strategy to meet that goal. If you don’t have a set goal, the money that should be going into that investment will doubtless be used for other purposes that seem more pressing at the time.
Thanks Gareth. Reminds me a bit of Dr Elder. One of the key messages is that we all need to devise a personal system based on our own psychology and intellects. It's usually a mistake to try and copy other people blindly. Looking forward to the next video.
What I understood from this video is that Dr. Van Thorp was never a trader, but a person who studied best traders on earth, 5000 of them. So, basically he statistically correlated some stuff. So, we need to believe that a man who never trade or could not make money in trade, can become a super trader coach? I somehow can not gulp down this logic!
POSITION SIZING,,, Your 25$ experiment deals with the fact that the ones that bet it all...Lost it all... While the ones that made several 10% bets at $2.50... Won! But to me , they all lost.... Cause they omitted the best case scenario. Play the full amount, but put in your STOP LOSS at 10%! That way you have the same 10% risk each time... But if you win , you'll almost have all of the full possible reward! YOUR NEXT VIDEO is ELOQUENT in that regard! In that video, Oliver Kell quotes another trader in saying... "PUT ALL OF YOUR EGGS IN ONE BASKET...AND THEN... WATCH THE BASKET VERY CAREFULLY!" 😁 If you bet only 10% of the sum, you'll also only have 10% of the reward! My 2 cents...And it seems...Kell's as well!!! 😉
I tried to replicate your numbers but I am getting14.5 % as opposed to 16% . (My calculations are (0.25 [25% or 1 in 4] X0.58) = 14.5 %. What am I missing ?
I have read Dr. Tharp's book and agree with everything he says as it applies to 99.99% of potential traders. But being a systematic trader is like a poker player who knows all the odds of every card combination on the table: He will make money...but will never make monster money. There is a personality factor in some traders...and some poker players...that consists of an X factor that allows them to read their opponents and go all-in at the perfect time. As Jesse LIvermore said, "When I am right, I want to get all that is coming to me." In other words, under certain rare conditions, it makes sense to go all in. And THAT is something that I feel cannot be taught.
Hi Fart - I agree wholeheartedly, although there are some objective confluences that can be targeted for that all in approach, but yes most do not have the attitude and patience to adopt such a strategy.
Let's not forget that Livermore got bankrupt multiple times, losing a shtload of money, more and more each time. At the end he took his own life because of losses. It is never worth to go all in, or if you do, at least hedge yourself to some extent with something (be it options, broad indexes, etc.). You can be lucky and even hype your own ego for a long time but you will be more reckless over time and in the end you will pay for that.
@@jj-big-slay-yo True, but Livermore tells us exactly what his negative tendencies are in Reminiscences. He says multiple times that if he had stuck to his methodology he wouldn't have lost money. But it is a flaw in humans that we tend to focus on one thing and lose sight of relatively obvious alternative outcomes. What he didn't know was that, despite the incredible crash of '29, the market wouldn't bottom until mid-1932, I have no doubt that he assumed a rebound was on its way after '29 and started buying rather than blindly following his tape reading skills. This is what he did after making a fortune in the crash of 1907, and he made a second fortune on the way up. If he had followed the tape, he would've easily become the richest man in the world by 1932.. But such is human nature. And the rest is a sad history.
I'm amazed by the insightfulness of this content. A book with similar substance offered a wealth of knowledge. "Mastering Money Mindfulness" by Benjamin Hawk
nice videos!!being a fan since the beginning here!! you have done a serious work, but lately i have been feeling you are more interested in selling your products and make me wonder if maybe that was your main goal!! Anyway, thank you for your videos because they are absolutely brilliants!!
Hi Julian, thanks for the feedback, fully appreciate what you are saying and this was/is really not my intention. I set out with one goal in mind and that was to project my passion to others, especially those who are falling for all the hype and fake gurus etc...during the process so many have asked for my approach and after almost 2 years I decided to provide it, of course the channel takes a huge amount of effort so asking for a relatively small contribution helps toward that. It’s not a course others ask 100’s or even 1000’s for but something that helps me improve the channel and free education further. Nonetheless I completely hear you and it was always a concern of mine, I’ll try not seem to pushy with it..., thanks for the support 👍
No reason to be bashful about promoting a great service. You are offering great value in the videos and life-changing information to members. You should be pushing as hard as you can!
@@FinancialWisdom thank you very much for taking some of your time to reply and for making these amazing videos, i can truly see your passion and experience. My concerns are just related to some bad experiences i had in the past, but it is totally more about me and my doubts than about your work and your content, because i totally appreciate what you have done, thank you again for sharing all this with us!!!
@@julianzamoralarenas25 hi Julian thanks, really means a lot knowing people are finding value. yes lots of charlatans leaving a bad taste for many unfortunately. Thanks again👍
1st i want to thank you for all the excellent content. I have definitely learned a lot in the short time i've been watching your videos and very glad i found you. 2nd i'm considering joining your strategy group but i have a question. Are the trades in your group on the US stock exchanges or are they on the British (London) stock exchanges? Being from the US I just want to make sure they are on the US stock exchanges (where i am more comfortable).
I've just discovered your channel and so far I really liked your videos but I think you should get rid of windows 98 style boomer cartoons. The subject you talk about is very intriguing while the cheap cartoons make it hard to take it seriously. I'd prefer you just talk on a blank screen rather than this. Well, that's just my opinion and I see you already made a channel consistent of those elements. I already subscribed and going to follow whatever you will share in the future. It was just a recommendation which I think is a fair one. Thank you for the content.
@@FinancialWisdom Don't change a thing. Good graphics that explains the key objectives is far better than all the slick graphics team work output in the world.
@@Vevay1961 Can't agree more. If you came to be entertained, or picky about high-res illustratons, rather than golden nuggets of so many great minds, then this is not for you. RU-vid channels and the internet should be used this way, not seeking attention nor just for eye-grabbing.
