Sections
Every column, concept, answer, quiz, course and calculator filed under the subject it belongs to.
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Section
Margin & LeverageMargin loans, maintenance requirements, margin calls, interest and what leverage does to a losing trade.
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Section
Risk ManagementPosition size, stops, drawdown limits and the arithmetic of getting back to even.
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Section
Stock TradingAdding to winners, IPOs, short sales, borrow costs and the setups worth passing on.
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Section
Swing TradingTrades held for days to weeks: ranges, targets, overnight risk and how many to run at once.
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Section
OptionsBreak-even prices, naked puts, spreads, and options used as a substitute for a margin loan.
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Section
Prop TradingFunded accounts, drawdown floors and trading an evaluation at the size you would keep.
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Section
DividendsIncome stocks on margin, dividend cuts, return of capital and payments in lieu.
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Section
EarningsOperating margin, operating leverage, adjusted earnings and reading a report past the headline.
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Section
EconomicsRates, recessions, stagflation, fiscal and monetary policy, and the margin debt the market carries.
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Section
InvestingMargin of safety, cash reserves, capital losses, tax rates and the line between investing and trading.
Where to start
With a specific question in mind, go to the answers, where the short answer sits in a box at the top of the page. For the case for or against a decision, read the columns, which work a hypothetical account through the numbers. To learn a subject in order, take one of the free courses, and to test yourself on a trading situation, try the quizzes.
Subjects overlap, and the links follow them across sections. A margin loan changes the arithmetic of a swing trade held overnight, a dividend bought with borrowed money has to beat the interest rate on the loan, and a change in short-term interest rates reaches both the cash in your account and the rate your broker charges on its loans. Start in the section that matches the decision in front of you and let the links take you to the next one.