For Your Financial Freedom
Even though most people think there isn’t anything better than a raging bull market, bull markets have some disadvantages as well. At the time of writing this, we have had a strong bull market for almost a decade. Therefore, most people have gotten used to this bull market and its traits. Due to this, even relatively small 1% down-moves scare many investors because they just aren’t used to this anymore. Such an attitude can be Read more
When opening a new brokerage account, you usually will be able to choose between a cash account or a margin account. This article will give you an overview of the benefits and disadvantages of a cash account vs margin account. After reading this, you should have a much easier time deciding on which brokerage account type is best for you and your trading style. What is Margin? First off, it is important to understand what Read more
When people hear of undefined vs defined risk option strategies most people just think of limited vs unlimited risk and nothing more. In this comparison, most people think a limited risk trade is an obvious choice. But actually, there are many more factors that should impact that decision. Sadly, most people don’t know these factors. In this article, I will break down all the differences between undefined and defined risk option strategies. To visualize the differences Read more
There are literally endless different stock trading mistakes. But those discussed in this article are some of the most common stock trading mistakes I know of. Many, especially new traders sadly make these mistakes. If you are able to avoid most of these, you will definitely be on a better track than 80% of all traders. Even though this article is named ‘common stock trading mistakes’, it isn’t only applicable to stock trading but to other kinds of trading as well. These mistakes can also Read more
Successful trading is not possible without good risk management. Risk management is probably one of the most important things when it comes to trading. But sadly most traders fail to do this correctly. This is the main factor that distinguishes the 90% of losing traders from the winning ones. No matter how good a strategy is, with wrong or no risk management it is doomed to fail. Basic risk management is very simple but can Read more
What is an IRA (Account)? An IRA or an Individual Retirement Account is a special account type purposed for retirement savings. IRAs offer many different tax advantages over other account types, but they don’t necessarily work like other account types and they have many restrictions. There are a few different IRA account types, the most common ones are Traditional IRAs and Roth IRAs. (This is the case in the US, I am unsure how things Read more