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Steve Burns
@SJosephBurns 3 years, 3 months ago 298 views

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Ten lessons from the book:

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

A thread 🧵👇

“Experience is the worst teacher. It gives the test before giving the lesson.”

“Smart people learn from their mistakes and wise people learn from somebody else’s mistakes.”

“A fool must now and then be right by chance.” - William Cowper

https://t.co/Uq1h66riIF

“Speculating is the application of intellectual examination and systematic analysis to the problem of the uncertain future.”

“Man is extremely uncomfortable with uncertainty. To deal with his discomfort, man tends to create a false sense of security by substituting certainty for uncertainty. It becomes the herd instinct. - Bennett Goodspeed

“There’s nothing worse than two people who have on the same position talking to each other about the position.”

“Success can be built upon repeated failues when the failures aren't taken personally; likewise, failure can be built upon repeated successes when the successes are taken personally.”

https://t.co/C1tPvURUHy

https://t.co/AIfSdBS6RZ

Book link: https://t.co/obUVOG6WIt

More from Steve Burns

Steve Burns
@SJosephBurns

10 of the Worlds Most Powerful Trading Rules:

A thread🧵👇

2. Your trading system must be built on quantifiable facts not opinions.

3. Start with the weekly price chart to establish the long term trend, and then work down through the daily and hourly charts to trade in the direction of that trend. The odds are better if you are trading in the direction of the long term trend.

4. The more times a support or resistance level is tested, the greater the odds that it will be broken. Old resistance can become the new support, and the old support may become the new resistance.

5. Moving averages can quantify trends and create signals for entries, exits, and trailing stops.

Steve Burns
@SJosephBurns

Technical Indicator Road Map:

MACD - Price swings

RSI - Overbought/Oversold

Bollinger Bands - Trading Range

ATR - Volatility

ADX - Strength of a trend

Keltner Channels - Extension from the mean

Moving averages - Trend direction

What other indicator would you add?

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Steve Burns
@SJosephBurns

NR7 candlestick simplified via @chartmojo

✅ Narrow Range Pattern
✅ R:R Favourable Pattern
✅ Market Psychology Driven

Steve Burns
@SJosephBurns

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.

Steve Burns
@SJosephBurns

William J. O’Neil’s 10 trading principles that made him a fortune and a legend:

A thread 🧵👇

He sells a stock he is holding after it has gone down 7% from his purchase price.

“I make it a rule to never lose more than 7% on any stock I buy. If a stock drops 7% below my purchase price, I will automatically sell it at the market – no second-guessing, no hesitation”

One of the major keys to his profitable trading was only having small losses when he was wrong.

“The whole secret to winning in the stock market is to lose the least amount possible when you’re not right.”

William O’Neil studied historical chart patterns relentlessly and read thousands of trading books.

“90% of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.”

He invested in an industries leading stocks not its laggards and dogs.

“It seldom pays to invest in laggard stocks, even if they look tantalizingly cheap. Look for, and confine your purchases to market leaders.”

More from Books

Vidya
@VidyaG88

1/17

IKIGAI : A reason for BEING .

I have structured the essential bits & pieces of the book in a flow for easy understanding + compiled some handwritten notes.

As always these are just MY TAKEAWAYS from the book :))
#ikigai
#BookReview
#BookRecommendation

2/
Firstly what is #IKIGAI ?

The Japanese call it - A REASON TO JUMP OUT OF BED EACH MORNING.

It's a convergence of 4 things .
*What you love
*What you are good at
*What you can get paid for
*What the world needs .

We need to find our Ikigai in life!
(Pic from the net)

3/
Let's begin with DAILY HEALTH HABITS.

A SOUND MIND IN A SOUND BODY .

Both our MIND & BODY must be exercised well to avoid deterioration in latter years of life .

Have a mental workout routinely by stepping out of your COMFORT ZONE.
Expose yourself to CHANGE.
#RewireBrain

4/
For a sound body there's no need to exercise relentlessly . Regular Yoga, Surya namaskar and Gardening is more than enough.

Don't be a couch potato! 🤷 Keep moving !
Our metabolism slows down just after 30 min of sitting sedentary.
#KeepMoving

5/
#StressKills

Most health problems are STRESS INDUCED.
Hence TAKE TIME OFF every now & then .
SLOW DOWN !!
Life isn't a race .So stop running all the time.

Condition your mind to enjoy each moment by practising #Mindfulness.
Be Self aware & aware of your surroundings!

Tessa Davis
@TessaRDavis

10 books that taught me more about life + death than I learned in 6 years of medical school:

#1: Dear Life by @doctor_oxford:

#2: The diving bell and the butterfly by Jean-Dominique Bauby:

#3: This is going to hurt by @amateuradam:

@amateuradam #4: When breath becomes air by Paul Kalanithi:

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Alan Stein, Jr.
@AlanSteinJr

@CoachGossett13 @chambershoops @TJ_NoZer0Days Hope you enjoy it 📚

Raise Your Game: High-Performance Secrets from the Best of the Best 🏆

Vidya
@VidyaG88

1/25

Some books within minutes , force you to ditch the e-version of kindle & buy the hard copy instead !🙂

The Joys of Compounding is one such 💎
Content ( Curation + Creation ) at its finest !

Compressed JUST A FEW takeaways in this 🧵

#BookTwitter
#BookRecommendation

2/25
Invest in yourself. Read.
Self educate. Think in isolation !

Everything in life can teach you when you possess the right mindset.
Read across a wide spectrum,for the scenes change but the behaviours & outcomes don't.

How to go about #READING & #THINKING effectively.
👇

3/25

First Principles Thinking requires us to delve deeper & question everything until one is left with the fundamental truth in essence.

Deconstruct to effectively
Reconstruct ! ( Both in times of Greed & Gloom )

How to apply it to the field of #ValueInvesting
👇

4/25
Know the difference between Being Rich & Staying Rich.

Quite a few become rich , FEW maintain it - For it requires humility , gratitude & a constant learning mindset.

Think probabilistically.
Consume content wisely.
Apply #LindyEffect to learning.

Some pointers
👇

5/25
Some #TimelessWisdom

Don't sulk on missing out on trophies or fame.
Enjoy life's tiny delights .There are plenty for all of us !

For one day when we look back we shall realise that it was the little things that mattered the most ! 🙂
👇

Vidya
@VidyaG88

1/15
#LetsTalkMoney by @monikahalan is all about US understanding OUR Needs & Wants, & constructing OUR Money Box.

It helps BUILD a system in place , rather than focusing on a (non existent ) single shot solution.

MUST READ FOR ALL !

#BookRecommendation

A 🧵 on it .
👇

2/15
Firstly, build your own system to manage Cash Inflows & Outflows .
Find a way that's least troublesome but automatically separates the 2.

#Budgeting & #Allocation must not be a cumbersome task !

Easy bifurcation helps in Better mapping.

A bird's eye view on the same 👇

3/15
Moving onto Emergencies . This pandemic has made so many of us realise the importance of it .

Another interesting facet :
Unwillingness to take risks comes from the FEAR of not having money when needed - typically why Bank F.Ds are preferred.

Hence the EMERGENCY fund.

4/15
*It shall DIFFER from person to person.
*Understand HOW to go about it & BUILD up your fund.
*It takes 2-3 months time to figure out our expenses & 6 months - 1year atleast to build up this fund.
*So be patient ! 🤷
Don't jump the gun .

#EmergencyFund pointers:

5/15
Moving onto #HealthInsurance .

It takes just one Hospital visit to realise the importance of a comprehensive Health cover . 🙄🤷

Sharing a few points that must not be missed prior to taking a policy .

The book explains EVERY POINT in DETAIL along with examples.

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$Dr Fish Philosopher Todd (Dr FPT)\U0001f41f$

Dr Fish Philosopher To...
@ZoeSTodd

1. I was walking in the woods yesterday and I had an epiphany. It wasn’t one I wanted to have. I was thinking about today’s class, where we are reading Kimmerer’s ‘Gathering Moss’. I’ve taught Braiding Sweetgrass in multiple classes every year since 2016. It’s eminently teachable

2. Both books are beautifully written. Students uniformly enjoy them as assigned reading. They do a great job communicating to non-Indigenous folks the contours of basic Indigenous relationships to more-than-human beings. They’re wildly popular with white readers.

3. I’ve found Braiding Sweetgrass to be a great entry point for non-Indigenous folks to Indigenous scholarship. But this is where yesterday’s epiphany comes in. Neither Braiding Sweetgrass or Gathering Moss tends to the deep deep lineages of Indigenous scholarship in Canada or US

4. As the popularity of ‘Braiding Sweetgrass’ has soared, I’ve seen more and more white folks wax on about ‘braiding knowledge’. But they often don’t know any of the lineages of these concepts beyond what is presented in this one book. They confidently run with this.

5. Kimmerer does a commendable job of weaving in her own experiences, her family stories+nods to some very important knowledge keepers who deserve to be celebrated for their work. But Braiding Sweetgrass does not tend to the citational politics Sara Ahmed & others teach us about

$Lu_lu\U0001f498$

Lu_lu💘
@luciame16

Some thoughts on episode 53 of #Hercai

Love,that is not real,has no passion. Its fire turns into embers, it doesn’t not smell. The day, the night, the moon&year burn without sun, light, comfort&sleep.
Ömer Hayyam

#Reyyan #Miran #ReyMir #EbruŞahin #AkınAkınözü
#HercaiThoughts

1
PRAISE
The praise in this episode goes foremost to Ebru because she portrayed Reyyan so realistically like a woman who truly lost her unborn child. I was in awe and pain watching her along the episode, all her breakdowns and tears were so real.
#Hercai

2
Of course also Akın took his part and did his part masterfully, but he rightfully was the one who stood aside in this specific episode that needed to be about Reyyan’s pain and thus concentrated on Ebru.
#Hercai

3
And last but not least, if I say thank you to something that B gave us this year, then it’s to have Ali as our director. Also in this episode we saw the artistic eye behind every shot and I loved it.
#Hercai

4
OVERALL COMMENT
I don’t know who wrote ep. 52 but ep. 53 was going strong once more on symbols: roses, stones, fire and trees were incorporated and especially the ReyMir dialogues were written very well. I truly loved every ReyMir scene.
So let's get into it.
#Hercai

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SK
@sk_diary1

#DoYouKnow -The place where
Lalitha Sahasranamam -1000 names of Devi originated.

It is in Lalithambigai temple -Thirumeeyachur,Near Mayiladuthurai,TN

There is a Legend #story & it is related to this beautiful #sculpture of Kshetrapuraneswarar & Ambal Lalithambigai #Thread 👇

#Legend #story
It is believed that this is birth place of Kashyapa Maharishi’s sons, Arunan& Garudan. Arunan(charioteer of Surya)was physically handicapped.He was a Shiva devotee.Arunan wanted to visit Kailash to have Shiva Darshan,but Surya Dev denied permission.

So Arunan disguised as a girl & was on his way to Kailash.On the way Surya Dev saw this girl & outraged her modesty.Shiva was very angry with Suryan for misbehaviour & cursed him to get darkened. Whole world plunged into darkness.Surya Dev pleaded to Bhagwan Shiv to forgive him.

Shiva Bhagwan asked him to go to Thirumiyachur & worship him there. As advised, Surya Dev performed rigorous penance, placed murthi of Shiva& Parvathy on an elephant & took them to the clouds.Shiva in this temple is known as Meganathaswamy,Devi is known as Lalithambigai

Even after severe penance,Shiva does appear,so Surya Dev cries out in agony.Disturbed by his call, Parvathy protests.Siva pacifies her & offers relief to Surya Dev.The sculpture of Shiva pacifying Ambal shows her sullen from one angle &smiling from another.

Talha
@dhiblawe1990

Thread: History of Mogadishu and it’s conquest by Imaam Al Yaqubi

One of the First Imaams of the Hiraab Imamate was Mohamed Ibn Imaam Ahmed ibn Imam Ahmed Ibn Imaam Mohamoud Ibn Imaam Cumar Halol Al Yacquubi (Abgaal) during the year 1097 hijri.

After the collapse of the Ajuuran Abgaal nomads from the interior had started moving to take over the strategic port town of Mogadishu which was then under the muzzafar dynasty. By the 1600s Abgaal warriors had captured the city and set up their base in shingaani.

Mogadishu at the time was a large and well known port town. The Abgaal clan taking over control allowed them to obtain political power and world wide recognition.

Under Imaam Yaqubi’s time in power it’s reported that French merchants had arrived at the port in 1701
and stayed for 11 days. They had attempted to take the city but were successfully repulsed.

TWABMPTLPAFA
@SeekerIIIII

Act of 1871
This is Long but it will end with a BOOM

With no constitutional authority to do so, Congress created a separate form of government for the District of Columbia, a ten-mile square parcel of land (see, Acts of the Forty-first Congress,”

Section 34, Session III, chapters 61 and 62).
The act — passed when the country was weakened and financially depleted in the aftermath of the Civil War — was a strategic move by foreign interests (international bankers) who were intent upon gaining a stranglehold on the coffers

and neck of America.
Congress cut a deal with the international bankers (specifically Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation without serious stipulations, they devised a way to get their

foot in the door of the United States.
The Act of 1871 formed a corporation called THE UNITED STATES. The corporation, OWNED by foreign interests, moved in and shoved the original Constitution into a dustbin.

With the Act of 1871, the organic Constitution was defaced — in effect vandalized and sabotage — when the title was capitalized and the word “for” was changed to “of” in the title.