What You Should Read

Trade Psychology

Investor Type

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Commentary

Money & Wealth Myth

Counter Trend Trading

Short Term Day Trading

Why You Have To Trade

Trading Techniques

Credit Spreads

Profit Making Senses

Financial Calculators

Covered Call Calculator

Determine breakeven and profit for covered call option strategies on stocks you own. click here

Option Spread Calculator

Determine how much potential profit in an option credit spread and how much it will cost you. click here

5 Fundamental Truths

BY MARK DOUGLASS

1. Anything can happen.

2. You don't need to know what is going to happen next in order to make money.

3. There is a random distribution between winners and losers for any given set of variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

5. Every moment in the market in unique.

Wealth and Money Myths

by Frank J. Sherosky

It truly takes more than money to solve most problems. It takes all of your wealth of ideas, guts, patience and drive. In fact, it takes all of them working together in a synchronous manner. Character, provided that it is righteous, is a powerful wealth attribute that will provide a settling balance to future economics. It is more than just a noteworthy asset.

Perhaps, if character was viewed in the light of business, some would finally get the picture and realize its relevance. If all would view the dark side of corporate character as a liability on its ledger, then all might get the picture there, too. Let's face it: The true mission of every company is to make profits and lots of it. It's the one value that labor and management can actually agree on. What is chosen as the way to obtain those profits is predicated on knowledge and strategy. However, how well they implement is centered more around character.

Understanding True Wealth

How does an individual glean a fresh focus on finance in light of real human needs and desires? The answer lays in putting spiritual-mental understanding into one's own personal set of values. Upon knowing the difference between wealth and money, the challenge then becomes realigning our priorities relative to that understanding. The process, however, requires eradicating ignorance.

Physically speaking, finance is a major missing element in public education. Even in America today, there is a tremendous amount of financial illiteracy. Too many people simply do not understand the basic difference between a stock and a bond let alone understand a mutual-fund perspectus.

With that in mind, how can a group of business associates properly relate to the one issue so vital to their welfare as well as the corporation? How can any society grow toward its full potential from ignorance?

Businesses, like the public educational system, unfortunately contribute in part to the illiteracy. In view of character, they are often motivated to withhold by selfishness and covetousness. They fail to share the very knowledge that would provide the platform for achieving the responses that they desire.

In the future, teaching everyone about finances will create a business-like mindset. Likewise, even corporate bean counters will be taught the real differences between assets, capital and human value, making the cost of living and the cost of doing business as one.

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