Time Is Money

"To compound your capital rapidly, you want to be where the action is. You can’t afford to tie up your capital waiting for the rest of the world to agree with you; time is money. The goal is not to buy at the cheapest price but to sell your stock for more than the price you paid."

--Mark Minervini, momentum stocks trader profiled in The Stock Market Wizards

Progress & Setbacks

A fantastic quote from a great book:

“Progress happens too slowly to notice, setbacks happen too quickly to ignore.”

— Morgan Housel, Psychology of Money

Video Interview: How To Invest

Highlights:  

"When you're 21, you don't know a lot about investing."

"If you don't understand the numbers, you should not be investing."

"Everybody wants to be rich this week."

"There's more than one way to be a good investor."

Short Story: School & Life Teachings

A very interesting short story from Matthew Kobach:

School: “Here’s the answer. Now tell me the answer.” 

Life: “There might be an answer. There also might not be an answer. Go find out.”

Seven Investing Rules

 

Do your research. Invest in what you know. Embrace change. Stay away from hot investment tips. 

Watch the video to find all the seven investment rules! Learn to become a successful investor. 

Paradoxes of Trading

"Paradoxes of Trading. The more money you make, the bigger your drawdowns will become. Paradoxically that fear of those bigger drawdowns holds many people back from getting bigger."

-- Steven Goldstein, Trader Performance Coach and host of the The AlphaMind Podcast

Greatness Takes Time

"You can't force experience... that takes time. Be patient with yourself and stay the course. With a good plan and persistence, everyday you take step in the direction of your dreams, while those who want it fast without putting in the work give up and quit.

Greatness takes time... stay the course."

-- Mark Minervini, momentum stocks trader profiled in the The Stock Market Wizards