◆ 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

EPSFundamentals: Earnings per share: net income divided by shares outstanding. Can rise from buybacks alone.; Lesson: Revenue, earnings, and what sits between
Net incomeFundamentals: Profit remaining after all costs, interest and tax. Also called the bottom line.; Lesson: Revenue, earnings, and what sits between