Plan Your Trades And Trade Your Plan

The following is part 3 of our 3-part psychology series. You can read part 1 here and part 2 here. Clearly our biology and the biases that come with it are hazardous to our financial health. But how exactly do we solve this problem? The trick is to plan your trades and trade your plan. The first step to successful trading is creating a solid strategy that accounts for every possible market scenario. High volatility, low volatility, black swans, it doesn’t matter. Everything should be planned for. Nothing should be a surprise. A detailed strategy will pre-plan the action steps […]

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Using Gold and Silver in New Ways

I’m Mike Gleason and welcome to this week’s Market Wrap Podcast. Coming up David Morgan of The Morgan Report joins me to discuss the year ahead for silver. He also gives some great advice on how to make and keep profits when investing in precious metals and talks about a tipping point he sees ahead in the silver market. Don’t miss a fantastic interview with the silver guru himself, David Morgan, coming up after this week’s market update. Well, gold and silver markets continue to press ahead. As the Dow Jones Industrials put in 10 days in a row of […]

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How Angry Will You Be If The Republicans In Congress Do Not Repeal Obamacare?

Top Republicans are now publicly saying that Obamacare will never be fully repealed. In fact, many Republicans in Congress are already using the term “repair” instead of “repeal” to describe what is going to happen to Barack Obama’s signature healthcare law. Without a doubt, the Republicans in Congress are eventually going to do something, but strategists in both parties are now suggesting that most of the key elements of Obamacare are going to remain once everything is all said and done. It will be put into a more “conservative” package, but it will still be Obamacare. On Thursday, former House […]

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Why Real Estate Will Never Be the Same

I expected Japan’s 67% drop in residential real estate to rebound substantially, even with its smaller, but still substantial millennial generation. But that hasn’t happened. So, I went digging to find out what was going on. I’ll admit that this had me stumped for a while… until I began to understand that real estate was different than other consumer sectors of spending. It’s obviously not a consumable like food or clothing. But it’s not like a durable product either, like cars and washing machines. Real estate, with the exception of natural disasters or human insanity (arson, wars, etc.), tends to […]

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Goals, Expectations, & Inner Alignment In Trading

Why Do You Trade? It’s important to understand the true drivers behind why you trade the markets. The answer is different for everyone. We all have different circumstances, wants, wishes, and desires. Find yours. Below are common reasons people get involved: Entertainment Gambling Staying Informed About Economic and Political Developments Intellectual Pursuit/Curiosity Side Income Primary Income Advising Friends and Family Professionally Managing A Fund Your reasons influence how you attack markets. For example, people managing their own wealth might prioritize account growth over shallow drawdowns. Whereas the individual looking to run money professionally will need to focus on risk control. […]

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Why Is NASA Using The Discovery Of 7 New Earth-Sized Planets To Promote The Idea That Alien Life May Exist?

NASA told us in advance that there would be a huge announcement on Wednesday, and it certainly was not a disappointment.  NASA’s declaration that 7 new Earth-sized planets had been discovered approximately 40 light years away from our sun made headlines all over the globe, and the Internet immediately started buzzing with lots of discussions about the possibility that these newly discovered worlds may have life on them.  This isn’t the kind of thing that I normally write about on The Economic Collapse Blog, but some of the things that were being said by the scientists involved in this discovery […]

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Flipping the Most Common Question in Retirement Planning On Its Head

The most common question I see in retirement planning is: What size nest egg do you need to quit working? Or, what’s your retirement “number?” It sounds like a reasonable and straightforward question. The problem is, it’s completely useless. Like so many things in the financial planning business, the question takes something complex and full of nuance, and effectively dumbs it down to the point where it doesn’t mean anything. And that’s because it misses the bitter truth about retirement: you never know how much you’re going to need. Some say that to retire successfully you should multiply your final […]

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Gold & Silver Buying to Rise on Inflation and Geopolitical Uncertainty

Notwithstanding the strong demand for gold and silver globally, buying activity in the U.S. retail market for physical bullion has fallen noticeably in the wake of Donald Trump’s election victory. And retail selling in the U.S. has increased. The bullion markets have entered a new phase. The two terms of President Obama included the aftermath of the 2008 financial crisis, zero interest rate policy from the Federal Reserve, and multiple rounds of Quantitative Easing. Reasons to buy gold and silver were plentiful. Today, the reasons to diversify into gold and silver are as strong as ever, but they’re perhaps less […]

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Avoiding Cognitive Biases In Trading

The following is part 2 of our 3-part psychology series. To read part 1, click here. On top of rampant emotions and a dire need to “fit in”, our biological evolution also had another side-effect. It made us lazy. Back in the day we were faced with an endless cycle of feast and famine. We’d have short periods of feeding followed by long periods of minimal sustenance living. So naturally we evolved to conserve our energy as much as possible. If given two options we’re conditioned to choose the one that involves the least amount of effort. This applies not […]

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Virtually Everyone Agrees That Current Stock Market Valuations Are Not Sustainable And That A Great Crash Is Coming

Current stock market valuations are not sustainable.  If there is one thing that I want you to remember from this article, it is that cold, hard fact.  In 1929, 2000 and 2008, stock prices soared to absolutely absurd levels just before horrible stock market crashes.  What goes up must eventually come down, and the stock market bubble of today will be no exception.  In fact, virtually everyone in the financial community acknowledges that stock prices are irrationally high right now.  Some are suggesting that there is still time to jump in and make money before the crash comes, while others […]

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