◆ Price is what you pay, value is what you get◆ Support is a zone, not a line◆ Volume confirms moves◆ Risk first, reward second◆ Earnings ≠ cash flow◆ Diversify across uncorrelated risks◆ RSI measures momentum, not direction◆ P/E needs context◆ Price is what you pay, value is what you get◆ Support is a zone, not a line◆ Volume confirms moves◆ Risk first, reward second◆ Earnings ≠ cash flow◆ Diversify across uncorrelated risks◆ RSI measures momentum, not direction◆ P/E needs context

Glossary

Terms, defined plainly

Balance sheetFundamentals: A snapshot on one date of what a company owns, owes, and the residual owners' equity.; Lesson: The three financial statements
LeverageFutures: Notional exposure divided by account equity; scales percentage gains and losses.; Lesson: Leverage and liquidation
Maintenance marginFutures: The minimum equity required to keep a position open; falling below it can trigger a margin call or liquidation.; Lesson: Margin is not risk