A Winner’s Mindset

“A winner’s mindset means learning how to think in probabilities” – Mark Douglas To understand this quote, let’s understand a universal truth- The 80/20 Rule. Also known as the Pareto principle: The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) states that, for many events, roughly 80% of the effects…

DON’T PUSH DON’T PRESS

When things aren’t going right, DON’T PUSH DON’T PRESS – RICHARD DENNIS Richard J. Dennis, a commodities speculator once known as the “Prince of the Pit,” was born in Chicago, in January, 1949. In the early 1970s, he borrowed $1,600 and reportedly made $200 million in about ten years – Wikipedia Nobody likes to lose…

What is Technical Analysis?

What is Technical Analysis? What is the direction of the market? At what price should I buy? At what price should I sell if I am making money? At what price should I sell if I am losing money? How much should I invest in this stock? Technical Analysis is a study of price that…