Quotes of the Day

In our trading accounts we always look to risk no more than 2 percent per trade or 6 percent per day of our risk capital. [2010] - Jay Norris

Making a mortgage payment is more or less the same as putting money into your RRSP. In both cases, you're building up the value of an asset and improving your financial security later in life. The combination of mortgage payments (or rent) and retirement savings plus extraordinary, short-term, necessary expenses (like daycare) should equal 30% of your gross pay until you get into your mid-50s. After that, you should be using something like PERC (perc.ecm.lifeworks.com) to provide ongoing guidance as to how much you should be saving. [2021] - Frederick Vettese

Here are the time frames we analyze and trade from: Monthly--weekly--daily--240 minutes--60 minutes--15 minutes--5 minutes. The premise of coordinating time frames is to use the higher time frame to confirm the signal on the time frame we are trading. The downside of using higher time frame charts to confirm lower time frame charts comes when we are in a sideways or countertrending market or when we are seeing trends reversing. [2010] - Jay Norris

One of the major reasons for this lack of success is trailing a stop too close to the market and getting stopped out of a trade well before any conditions have manifested to complete the trend. Unless the higher time frame momentum has reached the position typical for a momentum reversal, the assumption is the trend is not in a position to end. [2009] - Robert C. Miner

I used to recommend long periods of water-only fasting for some of my patients-and practiced it myself. But I no longer do so, because I've become convinced that the drawbacks (mostly having to do with muscle loss and undernourishment) outweigh its metabolic benefits in all but my most overnourished patients. [2023] - Peter Attia