Saturday, 5 April 2014

Quote for the day

“When luck shuts the door, you've got to come in through the window. And that's where skill comes in.” - Doyle Brunson

Ten Things For Traders To Look For On Social Media

1. Look for a trading teacher not a trading guru.

2. Look for real traders that are actively trading real money not active salesmen looking to take your money.

3. Look for traders that like to have fun and are laid back and beware of traders looking for an argument.

4. Look for a friendly way to exit an argument that is creating no value for you.

5. Look for the best trading resources: tweets, books, videos, and what others are recommending.

6. Look out for fakes, frauds, con-artists and imposters, you have to be very careful who you trust. Build friendships before you trust.

7. Look for traders that trade like you do that can help you make good adjustments to your own trading methodology.

8. Look out for great traders that trade differently than you do but are successful and see what you can learn from them.

9. Watch and see what side of the market the vast majority of traders are on, that is usually the wrong side.

10. Look at charts that others share and see if you can learn from them.


2014 Forbes Billionaire List Facts & Figures

The past year was a good one for the richest of the rich.

The 2014 Forbes Billionaire List is hot off the press, and a quick look at the data is enough to make your head spin. There’s now over 1,600 billionaires in the world with a total net worth of $6.4 trillion.


To calculate this year’s list an extensive amount of research was completed by dozens of Forbes researchers worldwide. They aimed to value the individual’s assets, including equity in public and private companies, real estate, yachts, art, cash, and they also took debt into account. They then attempt to vet the numbers with the billionaires themselves. Some cooperate, while others don’t.

To see the facts, figures, winners, and losers of the past year check out the infographic below.

2014 Forbes Billionaire List
Source: InvestingTips360

Quote for the day

“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better analysis is going to give them the confidence they need to do what needs to be done to achieve success. It’s what I call a trading paradox that most traders find difficult, if not impossible to reconcile, until they realize you can’t use analysis to overcome fear of being wrong or losing money. It just doesn’t work!” - Mark Douglas