Ten lessons from the book:

“What I Learned Losing a Million Dollars” by Jim Paul and Brendan Moynihan

A thread 🧵👇

Ten lessons from the book “Trend Following” by @Covel

A Thread 🧵

“There are 4 kinds of bets. There are good bets, bad bets, bets that you win, & bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds are against you.”

“We’re trying to exploit people’s reaction, which is embedded in prices and leads to trends.”

“Our best trading days are when we don’t trade.”

(Letting winners run or waiting for the right entry signal).

“Clarify trading and risk management systems until they can translate to computer code.”

University of Finance Twitter:

Options: @DanFitzpatrick
Charts: @TrendSpider
Charting: @Trendspider_J
eCourses: @MarwoodJB
Stocks: @DanZanger
Forex: @austinsilverfx
Trading: @Rayner_Teo
Journal: @tradesviz
Screener: @ezstockscreener
Micro-caps: @iancassel
Finance: @dmuthuk

Personal Growth: @Wealth_Theory
Financial History: @charliebilello
Personal Finance: @thewealthdad
1 on 1 Mentor: @GossettTrading
GIFs: @jposhaughnessy
Start ups: @naval
Psychology: @TradingComposur
Felines/equities: @StockCats
Funny: @dougboneparth

Name another subject/teacher

10 Rich Trader Mental Habits:

They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong.

They have the ability to not only close a losing trade but reverse and go in the other direction with the right signal.

The rich trader is not trying to prove anything about themselves they are focused on making money.

They do not fall in love with an idea, currency, commodity, cryptocurrency, or stock they will make trades based on price action.

The Ultimate Guide To Trading Triangle Patterns https://t.co/PoBNLygsvO Guest Post

Stan Weinstein's Ideal Short Sale areas:

@PrashPeru88 this book but a older edition

My daughter has just finished reading 'Atomic Habits' and I have started to observe a few changes in her behavior, most notably, she is now better prepared for Sat 7AM swim session. Her swim bag and costume are right by her bedside the night before. I was impressed by this tiny

change so asked her to summarise the book for me. I found it very impactful for behavior change and building new habits so sharing here
@dmuthuk @unseenvalue @nishkumar1977 @connectgurmeet @ishmohit1 if you find it useful, kindly like or RT so that it reaches the wider audience.

1. A large portion of our daily actions are influenced by our automatic habits, habits that have been formed through repetition over the course of our entire life. There are healthy and productive habits that serve us and negative ones that work against us.

2. We are what we repeatedly do and the quality of our lives often depends on the quality of our habits.


Lesson 1: Tiny changes lead to big improvements


“Atomic habits” is all about showing how small and seemingly unimportant changes and adjustments can lead to a massive

3. transformation. If you make a tiny 1% improvement to something on a daily basis in the course of just one year, you end up being 37 times better...37 times better health, 37 times better finances or relationships, even a fraction of that will significantly transform your life

15 Powerful Visuals About Psychology & Life

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Here are some lessons I learned from reading this book:

Can't Hurt Me, by #DavidGoggins

Thread (1/10)

1. It doesn’t always go your way

Life won’t always go your way, so if you start thinking that it will, you’ll be disappointed and less effective

Instead of focusing on what you think you deserve, figure out what u want and be willing to pay the dues required to get it

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2. The 40% rule

When your mind is telling you that you’re done, completely exhausted and not able to go any further, you’re only at about 40% of your potential

Keep fighting when you feel like you’re done, and that’s when you unlock the remaining 60% of your potential

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3. No one is going to help you

Don’t wait for someone else to help you.

If it’s your dream, it’s on YOU. If you wait, you’ll be waiting until you’re on your deathbed if you don’t take action.

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4. Callous your mind

When you’re ready to quit, stay the course. See how far you can go.

This will help you when things get tough. You’ll learn to work hard even when you don’t want to. That will pay off on your path.

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10 Powerful Lessons From the Book “The Art of the Good Life”

| Book Review Thread

1. Peak-end Rule:

You remember the high point and the end point of your holiday, but the rest is forgotten.

Remind to make them as sweet as possible.

2. Plans are nothing. Planning is everything.

A good life is not a stable state or condition.

The good life is only achieved through constant readjustment.

3. Inflexibility as a Stratagem

When it comes to important issues, flexibility isn’t an advantage – it’s a trap.

Use radical inflexibility to reach long-term goals that would be unrealizable if their behavior were more flexible.

4. Reality Doesn’t Care About Your Feelings

Accepting reality is easy when you like what you see, but you’ve got to accept it even when you don’t – especially when you don’t.