Life Skills, Money Management and Entrepreneurship (LSMME)

[Papes]

Thanks, Pro. Informative videos.

[Pro-Life]

5 Best Ways to Invest $50,000 - May 28, 2021

https://www.youtube.com/watch?v=K_lVHWJSUDQ&list=TLPQMTkwNzIwMjENx1kTTmb3Bg&index=2

[Pro-Life]

"No matter how busy that successful people are, they always spend at least an hour a day - or 5 hours a week - learning or practising." - unknown

https://www.youtube.com/watch?v=OBYX3A9nVTg

[Pro-Life]

15 Spartan Life Rules (How To Be Mentally Strong) • May 15, 2021

https://www.youtube.com/watch?v=bUzhJvlELU4

[Pro-Life]

Stock Market Sectors 101: The 11 Sectors of the Market
Here's what you should know about the 11 stock market sectors.
By John Divine | July 16, 2019, at 3:02 p.m.

https://money.usnews.com/investing/investing-101/slideshows/stock-market-sectors-101-the-11-sectors-of-the-market?slide=13

[Pro-Life]

This may come into play for more than a few of us:

Taxes on Stocks: What You Have to Pay and How to Pay Less

Learn how dividends and capital gains can affect your tax bill, and how you can reduce what you pay.

TINA OREM - Sept. 24, 2020

https://www.nerdwallet.com/blog/taxes/taxes-on-stocks-how-they-work-pay-less/

[zes123]

What is the APK document for?

APK records of new Android manufactures frequently spill before the official dispatch, giving you early access to all the energizing highlights. Additionally, some applications are district confined and you can't download them from Google Play, so the APK will be extremely useful for this situation.

Plus, most applications on Google Play have refreshes, however numerous new updates will make you hate the old variant. Introducing APK records will assist you with introducing more seasoned forms without any problem.

On the off chance that your Android gadget doesn't approach the Google Play store, APK documents might be the main choice to introduce applications on the gadget.

In any case, be cautious in light of the fact that the APK permits you to download non-official applications, which can be viewed as illicit in certain nations. Moreover, APK records may contain malware, which can degenerate and take information on your gadget.

[Pro-Life]

Want to Be a Self-Made Millionaire? Add These 9 Habits to Your Routine
Make these nine habits a part of your daily life, and get to your first million.

https://www.inc.com/ari-zoldan/want-to-be-a-self-made-millionaire-add-these-9-habits-to-your-routine.html?cid=sf01001&sr_share=twitter

By Ari ZoldanCEO, Quantum Media Group

Visualize life as a building, and habits as the building blocks. The stronger the building blocks are the more the building is able to withstand changes in its environment.

Life is short. Consistency will get you far. Follow these nine simple habits to see your success skyrocket. By sticking to them, you'll have the fastest chance of becoming a self-made millionaire.

[zachhowlesburg]

Except fast reading, these ten rules will ensure that your Mind Maps are
powerful tools for organising and stimulating your ideas docsbay.net/speed-reading-for-success This may be interested of you:
1. Use a landscape orientation.
2. Start with a coloured image in the centre.
3. Draw the main themes of the Mind Map on thick branches
radiating out from the central image.
4. Use lines to link second and third levels of pictures or words to
the main branches.
5. Wherever possible, use images – either instead of or as well as
words – throughout your Mind Map.
6. Print key words.
7. Put the printed words or pictures on lines, each of which should
be connected to other lines.
8. Put only one word on each line.
9. Curved, organic and attractive lines will add to the pleasure of
creating and reviewing the Mind Map.
10. Use colours throughout the Mind Map, because they enhance
memory, delight the eye and stimulate the right brain processes.

[reaper247]

Hey there Pro-Life.

Thought you might like this.

[Pro-Life]

This site is amazing: https://www.powerofpositivity.com

[jokerwild477]

Trumps an ding bat,,, proved yesterday

[Pro-Life]

Entrepreneurship is the art of finding profitable solutions to problems. Every successful entrepreneur or business person has been able to identify a problem and come up with a solution to it before someone else did.

Here are the 5 Rules for Entrepreneurial Success.

1. Find a Need and Fill It

Human needs and wants are unlimited. Therefore, the opportunities for entrepreneurship and financial success are unlimited as well. The only constraint on the business opportunities available to you are the limits you place on your own imagination.

2. Find a Problem and Solve It

Wherever there is a widespread and unsolved customer problem, there is an opportunity for you to start and build a successful business.

Once upon a time, before photocopies, the only way to type multiple copies of a letter was with carbon paper placed between sheets of stationery. But a single mistake would require the typist to go through and erase the mistakes on every single copy. This was enormously clumsy and time-consuming.

Then a secretary working for a small company in Minneapolis began mixing flour with nail varnish in order to "white out" the mistake she was making in her typing. Soon, people in other offices began asking for it. The demand became so great that she quit her job and began working full-time manufacturing what she called “Liquid Paper.”

A few years later, the Gillette Corporation came along and bought her out for $47 million cash.

3. Unlimited Opportunities

There are problems everywhere. Your job is to find one of these problems and solve it better than it has been solved in the past. Find a problem that everyone has and see if you can’t come up with a solution for it. Find a way to supply a product or service better, cheaper, faster, or easier. Use your imagination.

4. Focus on the Customer

The key to success in business is to focus on the customer. Become obsessed with your customer. Become fixated on your customer’s wants, needs, and desires. Think of your customer all the time. Think of what your customer is willing to pay for. Think about your customer’s problems. See yourself as if you were working for your customer.

5. Bootstrap Your Way to Success

Once you have come up with a problem or idea, resolve to invest your time, talent, and energy instead of your money to get started. Most great personal fortunes in the United States were started with an idea and with the sale of personal services.

Most great fortunes were started by people with no money, resources, or backing. They were started by individuals who came up with an idea and who then put their whole heart into producing a product or service that someone else would buy.

Action Exercise

Look for business opportunities everywhere, develop, an entrepreneurial mindset, and continually be open and curious about the needs not satisfied and problems not solved.

One idea is all you need to make your first million.


Come visit http://www.briantracy.com today.

[reaper247]

!!!Trump motivation!!!

Never give up.

QLTA, IMO and FWIW.

[reaper247]

Thanks, Pro-Life.

GLTU.

[Pro-Life]

20 POSITIVE LIFE TIPS FROM SOME LEADING EXPERTS
Michael Yardney September 16, 2018

https://propertyupdate.com.au/20-positive-lift-tips/

[reaper247]

Solid. Thanks for sharing.

[Pro-Life]

#NeverGiveUp #Twitter #TrendingNow #MustSee #WILLtoWIN $GWTR #CEO (video):

https://dms.licdn.com/playback/C5105AQEYP0xa1LbwHQ/f642b5e2d16c44bf912f50bfabfbaed1/feedshare-mp4_3300-captions-thumbnails/1507940147251-drlcss?e=1534262400&v=beta&t=AmQKc9BPHEQyy2FkxOnh4doiHZJkNVmnmg9iuFX2x-w …

[reaper247]

Hey there Pro-Life,

This guy...Joe Dan Gorman.

Intellectual Froglegs.

Sooo funny, sooo serious and sooo right for several years.

I suspect you will love him as much as I do.

Have a great weekend.

[reaper247]

Hey there Pro-Life, thought you might like this one.

[Pro-Life]

Start The Year Right: 7 Ways To Stand Out From The Crowd
JAN 8, 2016 @ 06:01 PM - Erika Andersen , CONTRIBUTOR

Have you ever watched a contestant on a televised talent show - American Idol, The Voice, So You Think You Can Dance - just knock everybody's socks off? It happens when someone is just so unexpectedly better than all the other contestants, that everyone's attention is instantly riveted. It's fun watching the judges' expressions go from polite interest to gobsmacked in mere moments. There's a business corollary to this situation, and I've seen it happen often over the years. Someone gets hired and everyone thinks, OK, fine - hope this person is good. It's the organizational version of polite interest. And then sometimes, the new hire really blows everyone's mind, and people are suddenly thinking, Wow, this person is GREAT. I assume you want to be that person. So, here are seven things that, if you do them on a daily basis, will definitely pave the way for you to get sent through to the next round:

Deliver on your promises. Last month, I was talking to one of my sons-in-law (who is definitely a stand-out-from-the-pack kind of employee), and he told me he was shocked to find that he's considered unusual because he does what he says he'll do. It's true: You can stand out in today's world simply by being consistent in fulfilling your commitments. And, if you find it's impossible to do something you've committed to, if you immediately go to the person to whom you've made the commitment, tell them you won't be able to do it, apologize, and tell them what you'll do instead - that will make you even rarer. Amazingly, this kind of reliability is a real differentiator.

Act on feedback. Good employees are open to feedback. Great employees immediately start working to change their behavior based on the feedback. A few years ago, my business partner and I were giving feedback to someone who wanted to be a consultant in our company. We told her she needed to do more listening and questioning and less "lecturing" when in front of a group. She paid attention, and thanked us for the feedback - but didn't operate any differently the next time she was leading a group. In contrast, our head of training gave the same feedback to another trainer recently. He didn't just thank her, he asked some questions to make sure he understood the feedback, and then he asked if she would be his "audience" so he could try out the new behaviors right away. She said that he was more interactive in that very first "trial" presentation.

Offer to do things that need to be done. Bad employees complain about how things aren't happening; Good employees point out what could be happening; Great employees offer to make things happen. A client of mine who's in marketing realized that, while her company's consumer-facing brand was clear and compelling, their employee brand was murky - and that was making it hard for them to attract the kind of young creative talent they needed. She offered to work with HR, internal communications, and other folks in marketing to clarify and then communicate their employee brand. The result? A big promotion for her and more success recruiting great talent to the company.

Be hopeful. I'm not talking about being that irritating rainbows-and-sunshine person that everyone wants to throttle. The sort of hopefulness I'm encouraging, that helps the organization and that stands out on the job is a combination of solution-orientation, faith in others, and belief in the possibility of change. In other words, when something bad happens - let's say the company's new product isn't doing well in the marketplace - while the non-stand-out employees are throwing each other under the bus and predicting the company's failure, the stand-out employee is going to her boss and asking, "How can we figure out what the problem is? What can we do as a team to make it better?"

Make life easier for others. Some people think the way to stand out is to elbow everyone else out of the way. In most companies, though, exactly the opposite is what works. In today's fast, team-oriented business environment, successful people are those who share credit; who go out of their way to help teammates; who support others' ideas. If you're the person who makes things go more smoothly, who people like having on the team because life seems better and more productive when you're around - that generally gets noticed and rewarded by the powers that be.

Make the business yours. The other day, one of our consultants wrote me this great email outlining how she'd used one of our skills to improve in an area of her personal life. To see somebody taking what we do to that level thrilled and impressed me - I immediately thought about the positive impact she would have on our clients because of her personal understanding of and commitment to the efficacy of this skill. And I think my response is pretty universal: When your boss sees that you're genuinely interested in your business and how it works (using your products, watching your shows, noticing how friends respond to your service), that automatically makes her feel that you're going to be a valuable contributor to the enterprise, and distinguishes you from a run-of-the-mill employee who just shows up, does his job, and goes home.

Be a rabid learner. This is the big one. I'm convinced that being able to acquire new skills and capabilities is the key skill of the 21st century, and if you show up at work every day, looking for ways to find out more, get better, be more productive, learn how to do new things - you are going to be on everybody's short list for "most likely to succeed." We brought on a new consultant a couple of years ago who was the first person in our history to have learned enough about our IP and our approach to have delivered work in all three of our practice areas in his first year with the company. We're supporting his success in a variety of ways: he has definitely distinguished himself.

If you want to turbocharge your own success, I encourage you to look for ways to incorporate these seven behaviors into your daily work life. And if you have a colleague who you think is like this, don't waste time on envy - use him or her as a model. And if you've used some of these approaches (or others) at work to distinguish yourself, please share your successes and triumphs with us.

[Pro-Life]

Success w/$ZNGY and my youngest accepted at VT... what a week!!! #NeverGiveUp #ALLIN #Hokies

[Pro-Life]

Your 5 Step Checklist to Staying Productive
by TDB
Fri, 04/27/2018 - 11:58

https://www.zerohedge.com/news/2018-04-27/your-5-step-checklist-staying-productive

[reaper247]

Zayde Wolf. Golden Age.

Have never heard of this guy before a few hours ago.

I was an instant fan. Hope he does well.

IMO and FWIW.

[reaper247]

Hey there Pro-Life,

I just overheard a conversation tonight that I thought was brilliant.

The TOD was how can anyone defeat propaganda with truth?

The answer is that it cant be done.

The only way to defeat propaganda is to discredited and expose those who advance false narratives, as the liars and cowards that they truly are.

That is actually pretty easy.

In fact, I have strived to do that for almost a decade here on ihub.

Once you take away any claim of legitimacy for those false claims, by simply posting the truth, those who would perpetuate false narratives are reduced to nothing more than cowards who refuse to stand by their own posts and opinions.

IMO and FWIW.

[reaper247]

Looks good Pro-Life,

Merry Christmas and thanks for all your help over the years.

[Pro-Life]

Infographic added to the i-Box...

[reaper247]

13 Rules for Dealing with Sociopaths

This list was taken from "The Sociopath Next Door", by Martha Stout, Ph.D

https://www.dailystrength.org/group/the-den/discussion/13-rules-for-dealing-with-sociopaths

1. The first rule involves the bitter pill of accepting that some people literally have no conscience.

2. In a contest between your instincts and what is implied by the role a person has taken on---educator, doctor, leader, animal lover humanist, parent, child--go with your instincts. Your unfiltered impressions, though alarming and seemingly outlandish, may well help you out if you will let them. Your best self understands, without being told, that impressive and moral-sounding labels do not bestow conscience on anyone who did not have it to begin with.

3. When considering a new relationship of any kind, practice the Rule of Threes, regarding the claims and promises a person makes, and the responsibilities he or she has. Make the Rule of Threes your personal policy. Cut your losses and get out as soon as you can. Leaving though it may be hard, will be easier now than later, and less costly. Do not give your money, your work, your secrets, or your affection to a three timer. Your valuable gifts will be wasted.

4. Question authority.

5. Suspect flattery.

6. If necessary, redefine your concept of respect. Too often, we mistake fear for respect, and the more fearful we are of someone, the more we view him or her as deserving of our respect.

7. Do not join the game. Intrigue is a sociopath’s tool. Resist the temptation to compete with a seductive sociopath, to outsmart him, psychoanalyze, or even banter with him. In addition to reducing yourself to his level, you would be distracting yourself from what is really important, WHICH IS TO PROTECT YOURSELF.

8. The best way to protect yourself from a sociopath is to avoid him, to refuse any kind of contact or communication. Sociopaths live completely outside of the social contract, and therefore to include them in relationships or other social arrangements is perilous.

9. Question your tendency to pity too easily. Respect should be reserved for the kind and morally courageous. It should be reserved for innocent people who are in genuine pain or who have fallen on misfortune.

10. Do not try to redeem the unredeamable. Second chances are for people who possess conscience. If you are dealing with a person who has no conscience, know how to swallow hard and cut your losses. The sociopath’s behavior is not your fault, not in any way whatsoever. It is also not your mission. Your mission is your own life.

11. Never agree, out of pit or for any other reason, to help a sociopath conceal his or her true character. Other people deserve to warned more than sociopaths deserve to have you keep their secrets.

12. Defend your psyche. Do not allow someone without conscience, or even a string of such people, that humanity is a failure. Most human beings do possess conscience and are able to love.

13. Living well is the best revenge.

IMO and FWIW.

[Pro-Life]

13 Life Rules to Keep You Motivated
April 21, 2017

https://www.success.com/article/13-life-rules-to-keep-you-motivated?utm_source=Twitter&utm_medium=Social&utm_campaign=Post

[reaper247]

Hey there Pro-Life.

Thanks for correcting me on that. Glad you are home safe after your travels.

On another note, it was nice to get the update on GWTR today.

GLTU

[Pro-Life]

Today is All Souls Day and tomorrow is All Saints Day. I just came back from Portugal where most of the country celebrates these 2 feast days of the Liturgical Calendar and basically 1/2 the country shuts down for this 2 day observance.

[reaper247]

It looks like I may have the last word on this board.

Eli Stone (tv series.)

Believe or not.

I don't celebrate Halloween, but I do celebrate "All Saints Day."

IMO and FWIW.

[reaper247]

I guess my hopes haven't worked out.

IMO and FWIW.

[reaper247]

Colin A. Vierheller

A cover of Lindsay Buckingham’s (Fleetwood Mac) song, Big Love.

This kid reminds me of the movie “August Rush” a little bit.

[reaper247]

Pro-Life,

This was pretty cool.

A $15,000,000 rig, vs. a $1,500 rig.

Racing for pinks?

How better can we face overwhelming odds?

Hope you have a safe and happy holiday weekend.

IMO and FWIW.

[Pro-Life]

Outstanding contribution... we are privileged that your first post is here... TY!!!

[CynthiaSmith]

A standout amongst the most vital instruments in your employment chasing arms stockpile is your resume - a poor resume will see your application in the waste can moving quicker than a skydiver who overlooked his parachute... a decent resume will probably get you saw and perhaps observe you into a meeting or two...but an incredible resume won't just get you through the entryway for more meetings, yet can likewise help eclipse different candidates pushing them ideal good and gone.

What do you surmise that accomplishes for your odds in the meeting?
Your resume truly just has one specific objective, and that is to get you past the audit and into the meeting seat. If you are a student of MBA and already have done many mba assignment then add it in your resume your resume should offer you, it should make you emerge as the main consistent decision for the occupation.

Here is the tip that you can use to help get you over the main obstacle and make them sit ideal in that meeting tough position.

Resume Writing Tip: First Impressions Do Count - Everyone knows this with regards to face to face correspondence, yet what number of us ponder composing messages, or composing a resume? Much the same as you will dress shrewd, make yourself as adequate and dress-proper as would be prudent, your resume ought to take after a style direct as well.

[reaper247]

Just found a gospel singer named Chinua Hawk.

What a great a voice. He covered a couple of my favorite songs.

"Sailing" by Christopher Cross.

He also has a great Prince cover.

Have a safe and happy holiday weekend.

IMO and FWIW.

[bratby]

Mastering Trading Psychology in a Volatile Climate: What Every Investor Needs to Know

When it comes to trading the financial markets, controlling your emotions is half the battle. Unfortunately, many traders refuse to make this a top priority. In a highly volatile market, leading by emotion can be your ticket to immediate peril. Trading psychology is all about mastering fear and greed in the financial markets. These two basic human emotions have their place in life, but offer nothing of value in front of a trading screen. That’s why investors need to carefully evaluate their mental state and develop habits that remove emotion from the equation.

Read More on the link below

http://www.mytradingbuddy.com/blog/other-stuff/mastering-trading-psychology/

[Pro-Life]

10 Trading Rules For New & Aspiring Traders
Steve Burns New Trader U October 20, 2016

https://www.seeitmarket.com/top-10-trading-rules-for-new-aspiring-traders-16184/#.WOB_vAjILu0.twitter

1. Never add too a losing trade. In adding to a losing trade you are already wrong but now become more wrong with a bigger trading size. Adding to losers makes you a counter trend trader that will eventually end badly when you find yourself on the wrong side of a strong trend.

2. NEVER lose more than 1% to 2% of your trading capital on any one trade. This means use position sizing aligned with stop loss placement so when you are wrong the loss is not big enough to damage you financially, mentally, or emotionally.

3. Never trade anything you do not understand 100%. Do not trade futures, forex, or options until you understand the risk and how they work.

4. Trade in the direction of the trend in your trading time frame.

5. Only look for low risk/high reward trades or high probability setups , when you don’t have any signals, don’t trade.

6. Trade your plan, your system, your signals, the chart, and price action, not your own opinions, bias, or predictions.

7. You have to trade the right winning methodology that you are comfortable with that fits your own personality.

8. If you do not have a full trading plan with rules on entries, exits and risk management stop trading until you create one.

9. The size of your wins and losses ultimately determine your trading success regardless of your winning percentage. No system is profitable with huge losses.

10. Your risk management rules will ultimately determine the success of your technical trading system.

Thanks for reading.

[Pro-Life]

4 Effective Strategies To Remember Everything You Read
Frank Yung

http://www.lifehack.org/557465/4-effective-strategies-remember-everything-you-read

Have you ever encountered the following scenario:

You: I just read a great book!

Friend: What’s it about?

You: (paused and tried so hard to recall what you’ve read)

Or have you forced yourself to finish a book in a day or so, because you worried you would forget the previous chapters after a reading hiatus?

When it comes to widening our knowledge base, unfortunately, we usually prioritize quantity over quality. Yes, the more you read, the more information you get, but we tend to forget the things we read after a short period of time. Our inability to retain information from what we have previously read is dauntingly common. We sometimes skim through the passages; or read word by word, letter by letter, without understanding the content; or even scan the book and get to the next — to bombard ourselves with piles of knowledge. But how often does loading and stacking help us retain what we read?

If we can’t remember anything from the books we read, what’s the point of reading? To make your reading effective and meaningful, here are 4 strategies to help you retain what you read:

1. Generate questions and look for answers

One reading habit we have is to completely immerse ourselves in the text and drill into the details when we read. We think the best way to get the most out of a book is to complete all of the chapters, but we don’t always remember the walls of text upon closing the book. One method to retain our memory is to first go through the table of content (the table of content is here for a reason!) and generate a list of questions, then actively search for answers in the book. When we have a purpose to read a book, it is easier to find and remember what we read.

2. Scribble in the margins while reading

Jotting notes is definitely a great strategy to better knowledge retention. When a certain paragraph stands out to us, we will usually highlight or copy the text, but instead, we should use our own words to summarize key ideas to make a stronger impression. Through this process, you are teaching and explaining to yourself on the points. If you are able to give an outline of the passage without hesitating, you can ensure you have really comprehended and digested the content.

3. Research on points that you don’t understand

When you try to rewrite the summary with your own words, you may encounter points that you find ambiguous or vague. Take the extra 10 minutes to research deeper to get a fuller understanding. This doesn’t mean to throw yourself in at the deep end. Taking the extra step to research can help you understand the subject matter with more details, because most authors assume their readers have some sort of background knowledge of the topics prior to reading the books. For example, for a philosophical book, the writer automatically assumes the readers have a certain level of knowledge on different ideologies in the era that the book is written.

4. Apply the knowledge to your real life

As mentioned above, jotting notes leads to a better retention of information. Many people hold the misconception that the more detailed our notes are, the better we will retain what we have read from a book. While we are so focused on cramping every single bit of a book into our notes, we often forget that we are simply copying paragraphs from the book to our notes. Also, how often do you revisit your notes? Most people’s answer is never. So your hard work in jotting notes have completely gone down the drain.

To make your reading and note-taking session more effective, try to incorporate your own life into whatever you are reading. What this means is when you are taking notes, also think about how the knowledge you read could benefit your life and solve real-life problems. When you do this, your notes will become more insightful and useful, helping you remember what you read from the book.

Reading requires devotion of time and effort
It may sound unnerving and stressful to spend much more time just to retain what you have read. It could be quite heavy at first, but as you follow the strategies more and more, your efforts will pay off and you will definitely have a better retention after reading each book.

[reaper247]

Hey Pro-Life,

Just stumbled onto them and liked them right off the bat.

[Pro-Life]

I'm high on 'em already... Wonderfully done!!! TY!!!

[reaper247]

Skillet is an American Christian rock band formed in Memphis, Tennessee in 1996.

Just started listening to them tonight while doing research.

IMO and FWIW.

[Pro-Life]

How to Fix Your Biggest Trading Weakness
BY GREG GUENTHNER POSTED FEBRUARY 10, 2017

https://dailyreckoning.com/fix-biggest-trading-weakness/

“Use your brain” might just be bad investment advice.

That’s right, Einstein – it’s possible to think too much when it comes to trading.

Sometimes we can’t help ourselves. Human curiosity gets the best of us and we get caught up in why and forget about what.

The Super Bowl Indicator, the goofy stock market indicator that we talked about last week before the big game, is obviously bogus. Correlation doesn’t equal causation. Look past the surface stats and the indicator starts to fall apart.

But sometimes, false reasons for market stats are less clear.

That brings me to an email that reader Joe P. sent in after I shared stats showing that Pentair (NYSE:PNR) has a seasonally strong market pattern between January and May…

Read article on Pentair today. Easily explained. Pentair rallies from January to May every year because that is when most all folks put in pools. Pentair is one of, if not the, largest manufacturers of pool pumps and filtration equipment in the country.

Don’t be so sure.

I passed this note along to our resident statistician Jonas Elmerraji. I figured he would have plenty to say about this reader’s theory…

“Yes, Pentair is a big manufacturer of pool equipment. But that makes up a teeny piece of their overall business,” Jonas says. “It’s kind of like saying that multinational conglomerate General Electric is going to rally this summer because they’re going to sell a bunch of GE-branded air conditioners. They’re just not a meaningful piece of the total company.”

Fair enough. Pool season may correlate with Pentair’s bullish price trend, but it’s not causal.

“I can’t fault Joe for suggesting it, though. We see this all the time in the financial markets from retail investors and professionals alike,” Jonas explains. “People look for reasons behind stock market moves, even when there aren’t any.”

There are plenty of examples in the financial pages now that we’re smack in the middle of earnings season…

If a stock moves up a little bit following earnings, the financial journalists say that it’s because earnings exceeded expectations. But if that stock slides into negative territory later in the day, the next story laments that shares are down because earnings missed expectations.

“Fight the urge to try and explain the drivers behind statistical patterns in stock prices,” Jonas concludes. “More often than not, it doesn’t boil down to a single driver. Instead, markets are incredibly complex mechanisms. Stock prices have fundamentals, biases, speculations and macro factors all baked in, plus noise.”

The fact of the matter is that it’s incredibly difficult to separate out those individual components most days…

The good news is that you don’t need to filter it all to make money from statistical patterns.

Because Jonas analyzes patterns in the price action itself, all he needs to care about is that a pattern exists and it’s statistically valid. That’s enough to make money from it.

Nobody can guess what’s going to happen next for stocks. That’s impossible. Instead, what we’re talking about are high-probability trades. We’re looking for stocks that are more likely to go up than go down. Simple as that…

In fact, Jonas has agreed to share one of these trading ideas with us today.

Check out Hasbro Inc. (NYSE:HAS):



“This toymaker isn’t playing games,” Jonas says. “Shares broke out at the start of this week following earnings, and they’ve been holding onto new highs ever since. Part of the fuel behind that up-move was this stock’s seasonal pattern, which starts on February 2 and lasts until April 6. Hasbro basically stays in rally mode every year for 64 calendar days in total.”

The pattern has worked for the last 23 straight years with an 87% win rate, Jonas notes. Average gains are well into the double-digits. That suggests there’s upside left in this stock after Monday’s earnings move.

Critically, by running the stats on these plays, we know immediately when a trade starts to unravel. In Hasbro’s case, the average drawdown on a successful trade is under 5% — if HAS gives back 5%, then it’s time to exit this trade. Consider parking a stop at $91 if you decide to play Hasbro’s momentum this February…

Sincerely,

Greg Guenthner
for The Daily Reckoning

[Pro-Life]

10 Morning Habits of Mentally Strong People

http://www.inc.com/casey-imafidon/mentally-strong-people-do-these-10-things-every-morning.html

[reaper247]

Hey Pro-Life,

High hopes for 2017.

What a great world this could be.

Happy New Year and best wishes for everyone.

IMO and FWIW.

[Pro-Life]

Attitude:

[Pro-Life]

A solid positive message:

[Pro-Life]

Tony Robbins: Think of Investing as Your Second Job

Tony Robbins, life coach and author of Money: Master the Game, explains why separating your investments from your livelihood will protect you during difficult times.

http://www.inc.com/tony-robbins/think-of-investing-as-your-second-job.html