7 Japanese Philosophies that will improve your life and TRADING:
It did for me tremendously.
1) Ikigai - This framework inspired me to pass up on Columbia Dental School for money management and finance
2) Shikita ga nai
3) Wabi-Sabi
4) Gaman
5) Oubaitori
6) Kaizen
7) Shu-Ha-Ri
My masters include the individuals in the following tweet. I would also include new ones: @dvandenbord@the_optionator@1charts6. Like the concept above “when the student is ready, the teacher will appear”
@dryan310 is regarded as one of the best stock trader’s of all time, but he does not have a book nor has he taught a course. I have watched all of his @IBDinvestors highlights and videos and created a David Ryan mini course.
5000 followers! Thank you everyone for the support.
I started trading stocks when I was 19 years old.
If I were to start all over again, here are 19 pieces of wisdom I would tell my 19 year old self:
1. ALWAYS think risk-first
If you lose all your chips you can’t bet.
If you can’t bet, you can’t make money.
2. It is a probabilities game
Losses are inevitable.
It is about cutting your losers and holding onto your winners. If you expect to gain more than you lose, the law of large numbers will be in your favor.
1. Stocks in stage 2 uptrends 2. Stocks showing decreased volatility and volume drying up on the right side of bases 3. Stocks that have shown to make big runs in the past 4. Stocks with earnings and sales acceleration 5. Stocks with skyscraper volume bars
6. Stocks in the strongest industry Groups 7. Stocks with #IBD EPS Rating and RS Rating >85 8. Stocks with strong institutional sponsorship and accelerating ownership 9. Favorable general market as 3/4 stocks follow the major averages 10. Buying at the RIGHT price (pivot point)