Since 2008 I’ve been experimenting with day trading and traveling. On average, I spend 7 months a year on the road while trading stocks and e-mini futures. One benefit of trading is that you can trade from anywhere in the world with a high-speed internet connection.
Traveling and trading can be really exciting, but many “trading gurus” would lead you to believe that trading is easy. Look, trading takes a lot of work. Anyone who tells you otherwise is full of shit! My motto is “no ego, no snake oil, no BS”, and I want to show you the realities of day trading. You can get this free trading video series, which shows you how to start trading the right way.
Trading while you’re traveling can be really inspiring and motivate you to work hard.
Hippie. Sissy. Tree hugger. These were all words that I would associate with people who were “vegetarian” or “vegan”. You see, I was raised eating amazing southern BBQ. One of my favorite travel activities was to overload on the finest cuisine, which almost always included meat. Hell, during our trip to Argentina, it was common place to eat cheese covered steak three times a day!
Over the past few years I’ve fallen in love with my grill. During our last two month stay in the Smoky Mountains, my wife and I barbecued at least 5 times a week. So, never in a million years did I think that I would be turning up my nose at a juicy steak or chicken wings.
So why the hell would a meat devouring southern guy become a vegetarian overnight?
I’ve always heard the arguments that say eating meat makes you fat, …
There’s so much confusion in the trading community when it comes to finding tools to help make trading decisions. Should you use indicators, black-box systems, price action, news, or shades of the moon to enter and exit trades?
And with so many trading systems, strategies, and indicators on the market, how can you tell what’s fluff and what actually holds any merit?
In 2008 computer algorithms started to dominate the financial markets, especially in the futures, options and forex markets. This made a lot of the old-school trading strategies obsolete. I won’t get into the argument around if it’s morally right or not; I just want to look at what traders need to know in order to have a shot at success in today’s post-algo trading arena.
Every indicator, oscillator, and candlestick pattern is useless – by itself.
Over the past decade, I’ve seen hundreds of trading indicators, oscillators, and …
The market has a funny way of causing traders pain. Well, it’s not funny if you’re on the losing side of the market, but it’s possible to actually profit from other traders’ pain if you understand why and how it works.
You see, stock charts are just a visual representation of the actions of all market participants. In other words, it just shows, in many different ways, what trades are being executed. Technical analysis is just one approach to analyzing these actions with the goal of anticipating what the market’s going to do next.
Understanding price action is a great skill to develop. And at the Emini Academy, we focus on learning how to interpret market conditions and read price action to better help us find trading opportunities.
In this example, you can see the stock ANAD had a clean breakout above $2.70. However, the next day the market …
My latest obsession has been scuba diving. There’s nothing like playing with sharks, traversing a coral wall, or swimming with dozens of wild dolphins.
This year I decided to backpack through Central America and hit some of the best scuba diving spots in the Caribbean. After researching, we decided to spend most of our time in just two places – Utila, Honduras and Caye Caulker, Belize.
Here’s a compilation video of some of my favorite moments while diving through the Caribbean:
Utila, Honduras – A Hidden Scuba Diving Gem and a World of its Own
When most people think of diving in Honduras, they think of Roatan island, which is Utila’s larger neighbor. Thanks to some inside information, we decided to go to Utila instead of Roatan. My goal is to stay away from over-crowded resorts, and get the full experience of a country.
If you ask an American what they’d do if money and time weren’t an issue, they’d likely tell you they want to travel the world. Unfortunately, the U.S. has one of the lowest average vacation days, which means people typically end up spending their few precious vacation days on something like an obnoxious cruise ship. We’re told that the “ideal vacation” is being herded through fried buffets, drinking bad beer, and dancing the Cha-Cha slide. Sigh, no thanks.
Having spent half of my childhood living in Korea and Iceland, I have a real appreciation for world travel and culture. And since 2009, I’ve spent at least 6 months of each year traveling. My ideal type of travel is getting the “back door experience” that’s off the crowded tourist path. In other words, I want to experience culture by connecting with locals, and dive into some risky adventures that I’ll remember …
Many real estate gurus sell products on the hottest “real estate investing technique“. While it’s important to know which types of investing strategies are working in the current market, that’s only a small part of the equation.
You can spend 10′s of thousands of dollars attending seminars and buying courses, but the truth is that you can learn all the different ways to creatively buy-and-hold, fix-n-flip, rent, or wholesale deals in less than a week.
Just like in day trading, most of the success from real estate investing comes from “intangible aspects” of the business. For example, new investors put a lot of value and focus on the technical aspect of how to structure deals, but don’t understand why their phones aren’t ringing and they aren’t closing any deals.
3 Aspects of a Successful Real Estate Investing Business
Even though I’ve made hundreds of thousands of dollars in …
Most traders underestimate the mental side of trading. Admittedly, there is a big gap between “knowing what to do” as a trader, and “actually getting yourself to do it”.
In my last post, I talked about why my wife is inherently a better trader than me. Her lack of ego and ability to read the markets is incredible. However, she still experiences the same mental speed bumps as virtually every trader.
Even though she does very well trading most days, earlier this week she ran into some difficulties. I think on of the biggest reasons she’s such a good trader is because of her ability to objectively look at her mistakes and fix them without justifying them or lazily putting them to the side.
Outside of trading e-minis, she’s very good at (and has the time for) finding stock momentum plays and swing breakouts. It brings me back to …
There’s nothing like having a place to break away from the craziness of world travel and big cities like Vancouver, Las Vegas, Austin, and NYC. In fact, our new cabin in the Great Smoky Mountains of North Carolina is the epitome of productivity and relaxation.
Well, there’s just something about being removed from all the noise of “regular life”. Over the past few months, we’ve spent time in cool places like the beaches of Puerto Rico and the Olympic village of Whistler, British Columbia.
But I’ve found that I lose about 40% of my productivity when traveling or in a new environment. And after taking about 6 months to travel and work on some major projects, it’s great to sit back and focus on day trading and closing real estate deals like these. Not to mention the quality time I get with my new wife.
In my last post about business leeches, I talk about the need for entrepreneurs to become excellent problem solvers. Although real estate has shown signs of a recovery for a few months now, there is still a major gap that presents opportunities for entrepreneurs and real estate investors.
The problem: We have the highest real estate affordability in years, but tight lending restrictions and new regulations make it difficult for investors and retail buyers to purchase properties.
A solution: Those who provide creative financing to niche segments of the real estate marketplace have a massive opportunity. For example, I’m offering short-term financing to real estate investors so they can pay cash for homes at deep discounts.
Why Financing Real Estate Investors Can Be an Excellent Investment
I’ll be the first to tell you that lending money in real estate is risky. After all, I entered the mortgage business at …
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COMMODITY FUTURES TRADING INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. TESTIMONIALS ALSO ARE NOT INDICATIVE OF FUTURE SUCCESS AND HAVE NOT BEEN INDEPENDENTLY VERIFIED. HYPOTHETICAL RESULTS HAVE MANY INHERENT LIMITATIONS. PLEASE CAREFULLY READ THE FULL DISCLAIMER ON OUR WEBSITE AT HTTP://WWW.CHRISDUNN.COM/DISCLOSURE.