Your Psychology and False Breakouts When you start trading, one of the first strategies you often learn or feel compelled to trade is a breakout strategy. Whether it’s a breakout from a range or another chart pattern—such as a triangle or just a small price consolidation—the idea behind a breakout strategy is to capture a big move following a pattern that is easy to spot. They should be part of a written trading plan....
Learn what each method is and what you’ll need to consider if you’re choosing between them or thinking of trying both. What’s the Difference Between Day Trading and Investing? To legally day trade stocks in the U.S., you’ll need to use the services of a broker. Brokers require you to maintain a daily account balance, called a “margin.” Trading regulations published by the U.S. Securities and Exchange Commission state that all traders who trade four or more times in five days must keep $25,000 in their margin account to conduct trades....
Seller’s remorse often happens because the homeowner wasn’t really motivated in the first place. Sometimes they think they want to sell, but they don’t really have a good reason to do so. It can also be a very emotional decision, bound to evoke second thoughts. Seller’s Remorse Defined Seller’s remorse happens when a homeowner decides it was a mistake to list their home for sale and no longer has a desire to sell, particularly when they didn’t have a strong reason for selling....
They’re two very different ways to pump cash into a company. Debt financing involves borrowing money, while equity financing involves selling a share of a small business to an investor. What’s the Difference Between Debt Financing and Equity Financing? There are several differences between debt and equity financing for a small business. Types of debt financing include loans, lines of credit, and credit cards, while types of equity financing include investments from friends, family members, and venture capital firms....
Learn how mortgage discount points work, how they can help you save money, and about some alternative ways for lowering your interest rate. What Are Discount Points on a Mortgage? When you buy mortgage points, you pay an upfront cost at closing time in exchange for a lower interest rate that will help you reduce your monthly payments and save in total interest. If you intend to keep your home for many years, the savings with discount points can be significant....
What Is the Premium Tax Credit? The premium tax credit is part of the Affordable Care Act. It’s designed to help lower the cost of monthly health insurance premiums for families or individuals who meet the requirements. The credit is only available if you enroll in a qualifying plan through the Health Insurance Marketplace. The exchange’s “metal” plans, such as gold or silver, qualify for the credit, but you can’t apply the credit toward a catastrophic plan....
For many years, a federal rule called “Regulation D” limited you to six savings-account withdrawals per month. However, Regulation D’s (Reg D) withdrawal limit is no longer in force. Federally-Regulated Withdrawal Limits Have Been Indefinitely Suspended Reg D is a federal rule meant to ensure that banks have enough money to do business. Part of this regulation includes limiting savings account withdrawals to six per month. Any withdrawals more than that amount meant you often had to pay a fee to your bank....
If you’re one of the many people working from home, here’s what it means for your coverage. Does Home Insurance Cover Working from Home? Standard homeowners insurance isn’t designed to cover home-based businesses. The most common type of homeowners policy, known as an HO-3 or Special Form, only provides $2,500 of business equipment coverage for items inside the home and $500 for those off your premises, such as if you take your laptop to a cafe....
Car fires are always scary. They can do a lot of damage. They can occur in a couple of ways. Comprehensive coverage will cover fire damage to your car regardless of what causes the fire, but you must purchase the coverage for your car policy before the loss occurs. What Is Comprehensive Coverage? Comprehensive or “comp” coverage pays for damage to your car that results from something other than a collision....
We often hear that purchasing a home is the biggest expense you’ll take on, but raising a couple of children will exceed that expense for most people. Add in college or the cost of raising two or more children, and you could buy your home twice in most areas. But like preparing to purchase a home, you might want to get your financial ducks in a row before choosing to bring your precious little one(s) into your world....
Perhaps you want a second job that’s less demanding than your first. Or maybe you’re in school and want to earn some extra money while still having time for your studies. You might need a weekend job, or simply want to boost your income with a part-time job that isn’t too stressful. Keep that in mind when you’re reviewing job options and considering which jobs you could do without working too hard....
Think of the executive summary as an advance organizer for the reader. Above all else, it must be clear and concise. But it also has to entice the reader to read the rest of the business plan. This is why the executive summary is often called the most important part of the business plan. If it doesn’t capture the reader’s attention, the plan will be set aside unread—a disaster if you’ve written your business plan as part of an attempt to get money to start your new business....
It can be difficult for parents, guardians, and even teachers to explain what the economy is, especially when you yourself might not know what to make of the day-to-day economic news. Luckily, you don’t have to be an expert economist to give children a basic understanding of the economy. With these tips and examples, talking about the economy with your kids may be even easier than you thought. Provide an Overview The economy is made of three things: all of the people making things, all of the people using things, and all of the buying and selling of those things....
While it might be a great choice for your family, don’t move forward with anything until you understand how to do it right. Setting things up properly can help you avoid unnecessary headaches down the road. Is Family Financing Risky? Any lender needs to realize that things can go wrong. Borrowers might not repay a loan, or they may otherwise behave differently than expected. If you hand out money, you might not get it back When the family is involved (and things are done informally), you face additional risks:...
Officials at the central bank were caught off guard about how fast consumer prices were rising and are likely to be aggressive in waging war on inflation, newly released minutes from the March 15-16 meeting of the Federal Open Market Committee (FOMC) suggested Wednesday. Efforts to rein in inflation by the Fed—which sets the nation’s monetary policy—could be even speedier than previously expected as it continues the campaign of rate hikes it started last month, economists said....
The Consumer Financial Protection Bureau said Wednesday that it was eyeing the practices of banks in light of new research showing they collected more than $15 billion in overdraft fees in 2019. Most of these fees are paid by lower-income customers, according to past research. The CFPB’s announcement came on the same day Capital One became the latest bank to beat the government to the punch, saying that it would abandon overdraft fees completely....
Fixed and Variable Expenses Explained Businesses separate out costs for budgeting and other purposes based on how important it is that they be paid: Fixed costs must be paid, even if you don’t have any sales. For example, you must pay the rent on you business location, the utilities, and you must make the payment on your business loan. Variable costs change with the amount of products or services you sell....
What’s the Difference Between Forbearance and Deferment? Forbearance is for temporary situations, and you’re responsible for the interest that accrues. Deferment is for long-term situations, and you may be responsible for the interest that accrues. Deciding between forbearance and deferment for your student loans can be a tough decision. Here’s the information you’ll need to make the right choice for your situation. Deferment can work better for those who have some subsidized student loans and who want to avoid interest accrual, or for those who aren’t sure how long their financial difficulties will last....
Here’s information on how to use a resume template, how to find the best templates to use, and tips for using a template to write your own resume. Why Use a Resume Template? A template can serve as a useful guide when creating or revising your resume. A template provides the basic structure for a resume. All you have to do is simply edit the document to include your personal information....
It’s a good idea to get familiar with the features of your cards—both front and back—so you can use them efficiently. Front of a Debit/Credit Card Bank branding: This section identifies your card issuer. Cards typically show your lender’s name, but they may display a logo for a specific program instead. For example, some cards are branded with rewards programs or retailer names. Card number: The card number is one of the most important parts of your card....
