Markets: Rally Will End Soon

Markets everywhere have been going through the roof! This has been unprecedented because we've had so much money printing by central banks all over the world.

I'm not good at market timing but I'm sure it's going to be coming to an end sometime in the next few months.

Inflation Outlook

 

Jim Rogers discusses the inflation phenomenon. Is it transitory, or are things structurally changing? 

Other topics:

- quantitative easing

- government spending

- consumer inflation

- governments like to lie about inflation data

How Trading Accounts Blow Up

"Every account blow up happens the same way... you dig in and refuse to accept a small lose before it turns into a huge one or you refuse to back off when trades are not working... or worse, you add more to losing trades and get bold when trades are running cold."

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

Be Audacious!

"Be audacious. There is always a best possible path. Your job is to find it and have the courage to follow it. What you think is attainable is just a function of what you know at the moment. Once you start your pursuit you will learn a lot, especially if you triangulate with others; paths you never saw before will emerge."

-- Ray Dalio, hedge fund manager

The Euphoric Recovery Will Fade Soon

 Recent interview with RT, Saint Petersburg (Russia).

Jim Rogers talks about how the economy is recovering from COVID-19. The euphoric recovery will fade  soon. 

Becoming A Great Trader

"Becoming a great stock trader is no different than becoming a great basketball player, surgeon or trial attorney; it takes knowledge, practice and skill which takes time. Don't be hard on yourself if you are not killing it right away. Focus on making incremental improvement."

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

Young Traders vs Older Traders

"When I was young and poor I dreamed of a having a big beautiful home and fancy cars. How life changes after 50... I just got a new toaster and it makes me so happy."

-- Mark Minervini