Price vs Value

Price vs Value

The value of a company is different than the price. When investing, it is imperative that you know the difference. Price is easy, just look the ticker symbol up and find the current price per share that is being traded on the stock market. The price of an option is...
Recipes For Success

Recipes For Success

Continually looking for an easy, meaningful way to write your trading strategy plan? Try using recipes for success cards to record your strategy system. Any worthwhile trading plan has four components: 1. Identification of quality candidates2. Excellent technical...
Catching a Falling Knife

Catching a Falling Knife

Don’t try to catch a falling knife or a falling stock once it has started its rapid decline.  There are retracements along the way that can provide entry points if you cannot resist and have some risk capital to use.  Remember, the further they fall, the greater...
Price versus Value

Price versus Value

Many Wealth building frequently uses price and value to mean the same thing. As wealth builders, let’s start with a definition. Price = the amount of money required in payment for something. Value = the importance, worth or usefulness of something. These are...
Grade Your Trade

Grade Your Trade

As traders, we know we should have a trading plan which is frequently different than an overall business plan.  Then we know we should journal our trades so that we can learn from the mistakes or poor choices and refine our trading skills. This continual review also...