Stock market losses

Saving Yourself From a Bad Trade

With the stock market looking weaker by the day, and omens of recession coming from every corner of the media, its time to take a look at what to do if you get caught in a bad trade. No one wants to be stuck in a losing position. You might have guessed that the stock would go up, but jumped…

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Stock Trading Success

Let the Trading Begin

The clouds have cleared and the great weight is lifted. The worry is gone and bright days are ahead. I’m not talking about the weather, but my own mentality.  What is making me so happy? I finally closed out my largest stock position. I had gotten into this stock in October/Nov of 2016, should have gotten out in October 2017,…

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winter sun

Monthly Update

Another month, another monthly update!  I’ve cashed in some assets for the new bathroom remodel, with my bonds totaling to $2,000 and my work stock options for another $4,000.  I then dropped around $5,850 dollars so far on the work ($3,300 for plumber, $1000 for shower walls, $1000 for shower glass, $150 for shower pan, $250 for concrete and jack…

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The Thinker by Rodin

Stock Trading Basics – Mental Management

Here is a question for you: if you think with your mind, how can you control it? It’s kind of like grabbing a ruler to measure a board of wood and the ruler grabs you back.  And how can you measure the wood when the ruler that is grabbing you back is also sawing away at the end of the…

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Stock Trading Basics – The Mindset

Trading stocks is hard. You need to guess the right stock, the right price, and the right direction in order to make money. Options are even harder, because the contracts come with an expiration date before which your prediction must come true. That’s four obstacles you need to overcome in order to get ahead. In truth though, there is a…

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Stock Trading Basics – Risk Management

As discussed previously, when it comes to trading stocks the second most important thing after having a basic framework for understanding value and trends in the market is practicing sound risk management. This is because trading, like all human endeavors, does not follow any sort of strict physical laws. Not only is price influenced by emotions like fear, greed and…

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Monthly Update

We’ve been in sub-zero weather for a week here in Minnesota and I finally make my reappearance. My apologies for the slow posting period; for a variety of reasons I haven’t been on the computer much.  First, I was striving towards my goal of reading as many books as possible this year (with a new all time record of 66!),…

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Monthly Update

Time for another monthly update! This month hasn’t been as good as the previous ones (if only that trend would continue forever!), I’m still plugging away and making progress at paying down my debts. My equity wealth dropped this month about $20k due to the main stock that I’m invested in.  While the stock boomed in mid-October, the price dropped…

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Dartboard

Stock Trading Basics – The Framework

There are three things that are crucial to financial independence and early retirement: making money, saving money, and managing investments.  Yet if there is one method of making money that is scorned and rarely talked about in the FIRE community it is stock trading.  Many people pore over different stock investment strategies, i.e. maximizing 401ks and IRAs, snowballing with dividend…

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