Quotes of the Day

Investing your money in the stock market has historically generated about a 10 percent return in any seven-year period dating back to the 1930s. [2004] - Gary Keller

Chasing a breakout is not a great idea. For every successful breakout, there’s a false breakout. Staying solvent means protecting yourself from false breakouts. The best way to do that is to buy at the breakout point and set a stop-loss to make sure if the price falls much below the breakout point, you get out with no more than a small loss. A good rule of thumb many professional traders use is to only buy within 5% of the breakout point. If the price has risen further than that by the time I’m at my trading screen, then I usually disregard the breakout and wait for the next opportunity. [2019] - Glen Goodman

Spend only money that your business has generated. [2004] - Gary Keller

Assets in a TFSA grow tax-free indefinitely, and no tax is payable when you eventually make withdrawals. It makes good sense to keep assets with the highest growth potential in a TFSA to take full advantage of this tax shelter: in other words, fill up your TFSA with stocks and keep low-growth assets, such as bonds and GICs, in other account types. [2021] - Dan Bortolotti

Follow the rules: •grow your profits •cut your losses •trade the trend until it bends •keep your trade sizes small enough to sleep at night •do your research on a crypto and read the white paper •don’t fall in love with your crypto •diversify and spread your risk •keep your charting clear and simple •winnings are real money, not gambling chips •never chase missed breakouts •never chase losses by throwing good money after bad •never try to catch a falling knife •run away from tips, rumours and opinions •control your inner voices and psychological biases •avoid scams; if it sounds too good to be true, it usually is. [2019] - Glen Goodman