Many of the most successful traders and investors I know all seem to have one thing in common —they find their own particular niche in the market. There is a staggering variety of investment instruments out there and trying to learn and trade them all is a fool’s errand. Instead, many successful traders find their … Read more
If you’re using a trading strategy that involves cheap, low float stocks such as pink sheets or penny stocks, you have to be aware of pump and dump stock schemes. They’ve been a problem in equity markets forever and these days, as social media and various message boards provide new pumping platforms, they have become … Read more
Pink sheet stocks had their moment on the big screen not so long ago in Martin Scorsese’s The Wolf of Wall Street. In one of the most memorable (finance-related) scenes in the film, Jordan Belfort, as played by Leonardo DiCaprio, discovers the insane profit potential of trading pink sheet stocks. The movie doesn’t portray pink … Read more
The broadly defined futures market is a market of nearly impossible scope. You can trade future contracts for just about anything — any number of currencies, commodities like wheat or corn, livestock like lean hogs, stock market indices, bitcoin, crude oil, even next year’s average temperatures in certain cities. That’s right, you can buy and … Read more
Perhaps you’ve heard the legend. Apple Inc. once traded as a penny stock. Yes, that Apple. The one behind the iMac, iPad, iTunes, iEverything; the Apple that currently has the largest market cap in the world. Taking stock splits into account, at one time you could have bought in for less than a dollar per … Read more
For most of Wall Street’s history, proprietary trading was the realm of Ivy Leaguers on the trading desks of the big banks. But the big banks blew it in a big way, causing the 2008 financial crisis and their prop trading desks were regulated out of existence. Now, a new type of prop trading firm … Read more
Credit cards can be a powerful financial tool and a great way to make purchases. However, they can also be the source of major headaches if you don’t use them wisely. Many people use credit cards without knowing the basics about how they work and what happens when you carry a balance from month to … Read more
The information contained on this website is for entertainment purposes only and should not be considered personal financial advice. All financial markets are inherently risky. Mike Diamond Financial Skills bears no responsibility for any losses you may incur. This site and its educational mission are funded by affiliate commissions.