Wall Street fallacy

If Stock Brokers were so good at investing Money they would be richer than you and they wouldn't work for you!

MONEY MANAGEMENT in Gambling and Investing

The most important in Gambling and Investing is Money Management, otherwise said 'How you manage your Bankroll.'

Proctecting your capital.

Bankroll: Money 

No Bankroll = no Money

No Money = no opportunities to make Money

Since you should never "play" with Money.

The 5% Money Management Rule

Gamble no more than 5% of your Bankroll.

I can make 20 Bets with my personnal Bankroll.

It isn't dramatic if I lose a few bets in a row.

I have the same philosophy for investing in the stock market.

In the long-run, 

Discipline is better than good picking.

Since you can't always pick the winner.

Nothing is 100% safe.

Nothing is 100% sure.

Not even fixed fights and inside trading.

Everything is possible!

So you should NEVER dedicate more than 5% of your Bankroll / Capital on a single bet, investment or poker game.

The Big Short (2015) full movie

Excellent biographical movie about the whole 2008 subprime mortgage financial crisis and stock market crash.

Christian Bale, Brad Pitt, and even Selena Gomez.


The Big Short (2015) full movie online

Jordan Belfort vs Gordon Gekko

    

“Of all the drugs under God’s blue heaven, there is one that is my absolute favourite,” he says as the camera trains on DiCaprio cutting an enormous line with his credit card. “Enough of this shit will make you invincible — able to conquer the world and eviscerate your enemies,” he explains, staring at the drug. Unfolding the hundred-dollar bill he’s just used to snort powder up his nose, he clarifies that he’s talking about the money.

GEKKO VS THE WOLF: THE FATTEST LINES

Gordon Gekko

• “The point is, ladies and gentlemen, that greed, for lack of a better word, is good.”
• “What’s worth doing is worth doing for money.”
• “It’s all about bucks, kid. The rest is conversation.”
• “Lunch is for wimps.”
• “We make the rules, pal. The news, war, peace, famine, upheaval, the price per paperclip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it.”
• “If you need a friend, get a dog”

Jordan Belfort

• “Money doesn’t just buy you a better life, better food, better cars, better pussy — it also makes you a better person.”
• “The year I turned 26 I made $49 million, which really pissed me off because it was three shy of a million a week.”
• “I am not gonna die sober!”
• “I’ve been a poor man, and I’ve been a rich man. And I choose rich every fucking time.”
• “My Ferrari was white like Don Johnson’s in Miami Vice, not red.”

Source:
http://www.standard.co.uk/lifestyle/london-life/the-wolf-of-wall-street-why-londons-bankers-love-reallife-fraudster-jordan-belfort-9064038.html

Warren Buffett, George Soros, Carl Icahn

THE BEST STOCK MARKET BOOK YOU CAN GET!

 

George Soros, Warren Buffett, Carl Icahn
are the world's richest and most successful investors.
All three became billionaires from nothing.

The Winning Investment Habits of Warren Buffett & George Soros aka Becoming Rich: The Wealth-Building Secrets of the World's Master Investors Buffett, Icahn, Soros was my bible, my handbook as a stock market investor / trader.

Just check out my amazon.ca review, a five-star, nothing less.

Finally THE book that I will cherish and re-read, May 8 2007

In my quest of absolute and perfection, I've finally find THE book. From the large number of investment and stock market books I've read this is the one, my own personal bible to financial wealth achieved through investment.

You can miss your shot buying this book. It's not an usual boring B.S. system, it's the proven investment strategies of the greatest self-made billionaire investors of all-times.

This magnificent book should be the bible of every novice or advanced investors. Because this book lays the base and foundation of every successful investment systems available.

If you want a pre-taste of the exceptionnal work of the author Mark Tier. Go to marktier.com find your investment IQ and your investor profile.

Four words to finish without giving the punches: "This book is amazing!"

Learn more about your Investor Personality Profile

Each takes an entirely different approach to the market, depending on his investment personality.

The Analyst is personified by Warren Buffett. He carefully thinks through all the implications of an investment before putting a single dime on the table.

The Trader acts primarily from unconscious competence. This archetype, epitomized by George Soros, needs to have a “feel” for the market. He acts decisively, often on incomplete information, trusting his “gut feel,” supremely confident that he can always beat a hasty retreat.

The Actuary deals in numbers and probabilities. Like an insurance company he is focused on the overall outcome, totally unconcerned with any single event. The Actuarial investment strategy is, perhaps, best characterized by the legendary investor Benjamin Graham. It’s also the basis of most successful commodity trading systems.

No individual is ever a perfect example of any single one. Indeed, the Master Investor has mastered the talents of all three. Yet, like everyone else, he has a natural affinity with one of the three archetypes, and will tend to operate primarily from that perspective.

You need this book as much as a catholic needs his bible!!!

The author Mark Tier excellent website  http://marktier.com/

How to Become a Billionaire Gambler

How to Become a Billionaire Gambler

As I said, this site is not about being a recreational gambler (loser).  I will give you the tools and the inspiration to become a professional gambler, a professional investor, a professional speculator.  By professional, I mean a winning gambler, investor, speculator.  It is extremely difficult to achieve success in these three very similar domains.  Like all activities, whether it's sports, arts, businesses, professions, you will need complete dedication to be successful.  You must be passionated about it!  You must live for it!

By this site, I will give you informations, inspiration, and the best places to do business with.

For me, the words investor, speculator, and gambler are all about the same.

Here are the most lucrative forms of gambling/investing with notable high rollers and their net worths.

1- Stock Market (Warren Buffett, $62 Billion)
2- Forex (George Soros, $9 Billion)
3- Horse Betting (Alan Woods, $670 million)
4- Sports Betting (Billy Walters)
5- Poker (Phil Ivey, $100 million)
6- Golf Hustling (Titanic Thompson)
7- Blackjack (Zeljko Ranogajec)
8- Backgammon (Falafel Natanzon)
You can even add...
9- Tennis (Bobby Riggs)
10- Pool (Minnesota Fats)

Always remember that Time is Money, Money is Power, and Power is the ultimate Aphrodisiac!

Stock Market Human Stupidity

Warren Buffett George Soros Carl Icahn



George Soros, Warren Buffett, Carl Icahn
are the world's richest and most successful investors.
All three became billionaires from nothing.

The Winning Investment Habits of Warren Buffett & George Soros aka Becoming Rich: The Wealth-Building Secrets of the World's Master Investors Buffett, Icahn, Soros was my bible, my handbook as a stock market investor / trader.

Just check out my amazon.ca review, a five-star, nothing less.

Finally THE book that I will cherish and re-read, May 8 2007

In my quest of absolute and perfection, I've finally find THE book. From the large number of investment and stock market books I've read this is the one, my own personal bible to financial wealth achieved through investment.

You can miss your shot buying this book. It's not an usual boring B.S. system, it's the proven investment strategies of the greatest self-made billionaire investors of all-times.

This magnificent book should be the bible of every novice or advanced investors. Because this book lays the base and foundation of every successful investment systems available.

If you want a pre-taste of the exceptionnal work of the author Mark Tier. Go to marktier.com find your investment IQ and your investor profile.

Four words to finish without giving the punches: "This book is amazing!"

The author Mark Tier excellent website  http://marktier.com/

Fictional Gamblers: Who's the best?

Fictional Gamblers: Who's the best?
The fictional world is the reflexion of the real world.  Like in the real world, gamblers and investors of all kind are presents in the fictional world of Hollywood.  There is some really interesting and fascinating characters from the movie screen.

POKER

The Cincinnati Kid (1965)
His Name: "The Man" Lancey Howard
His Game: High Stakes Five-Card Stud
Accomplishments: As the king of New Orlean's gambling world, The Man has never been beaten in five-card stud.


Shade (2003)
His Name: The Dean
His Game: Poker "mechanic" (cheater / con-artist)
Accomplishments:  The greatest mechanic in the world, The Dean has never been beaten and is a living legend.


Casino Royale

His Name: Le Chiffre
His Game: High Stakes Texas Hold'em
Accomplishments:  Chess prodigy and mathematics genius who uses his abilities to make fortunes on the stock market and at poker.


SPORTS BETTING

The Runner (1999)
His Name: Deepthroat
His Game: Sports Betting
Accomplishments: A devious, ruthless, and powerful pro gambler who like to play mind games with his employees (runners).


Back to the Future Part II

His Name: Biff Tannen
His Game: Sports Betting
Accomplishments:  Becoming one of the richest and most powerful men in the world by using a sports almanac giving him 25 years of the upcoming sports' results in the future.  The dream of everyone!


STOCK MARKET

Wall Street (1987)

His Name: Gordon Gekko
His Game: Corporate Raider
Accomplishments:  In 2008, with an evaluated fortune of $8.5 billion, Gordon Gekko was named the fourth richest fictional character by Forbes magazine.  Inspiring an entire generation of stock brokers and day traders. 

The character of  Gordon Gello was partly inspired by Ivan Boesky, Carl Icahn, and "Junk Bond King" Michael Milken.


In my view, in the fictional world of Hollywood and movies, the three greatest gamblers/investors are Le Chiffre, Biff Tannen, and the immortal Gordon Gekko.  If you have other suggestions, don't hesitate to add them in the comments sections below.

Jesse Livermore

Jesse Livermore

Stock Operator Extraordinaire

Born in 1877 and died in 1940, Jesse Livermore is the greatest trader / speculator who ever lived.  At his peak in 1929, Jesse Livermore was worth more than $100 millions.  He would have been richer than Bill Gates in today's money.  An unseen feat for a self-taugh / self-made stock and commodities trader who ONLY TRADED HIS OWN MONEY, not Other People Money like today investment's superstars.  With Bernard Baruch, he was one of the original trend followers.

Loner, individualist, suffering from severe episodes of depression, probably bipolar disorders who eventually took his life, Jesse Livermore made and lost four colossal fortunes during his lifetime.  Make two of his fortunes during stock market crashes periods, in 1907 and 1929, short-selling stocks.  Which earned him $3 millions in 1907 and $100 millions in 1929.  While everyone was losing their shirt, the astute Jesse Livermore was on top of the world!

Unlike Warren Buffett, Livermore was living the life.  At his peak, he owned a series of mansions in several countries, each fully staffed with servants, a fleet of limousines and Rolls Royce cars (my favorites), yatchs, and regularly threw lavish parties.

Now, here are some investment wisdoms from Jesse Livermore.  

- Emotional control (crucial and vital for any trader and gambler)

- Knowledge of economics and fondamentals
- Trade with the trends (Buy in a bull market and short in a bear market)
- Don't trade when there is no clear opportunities.
- Patience.  Let your profits run.
- Trade the leading stocks in each sector.
- Don't average down a losing position.
- Add to winning positions.
And in my view, the most important...
- CUT YOUR LOSSES SHORT (ALWAYS USE A STOP-LOSS POSITION losing no more than 10%.
- Experience.  Learn from your mistakes.

"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."  - Jesse Livermore

"Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend." - Jesse Livermore

"It never was my thinking that made the big money for me. It always was my sitting." - Jesse Livermore

http://www.jesse-livermore.com
http://www.trading-naked.com/jesselivermorephotos.htm

http://www.tradersdna.com/thought-leaders-2/forex-trading-advice-time-greats/