January 18, 2023
โ Bids: buyer
โ Ask: seller
โ = trade
โ price-what to pay
โ pay value what's it's worth
โ Long position: owner
โ Short position: owe
โ The reality of finance is to look backwards from today to past
โ Interval- from today to whatever time
โ How much time between the beginning to end
โ Beginning value- open
โ Ending value- close
โ OCHL (open, close, high, low)- looking at the interval chart using the candle method
โ How low and high it goes: prices going up (increases- green candle) OR
โ How high and low it goes: prices going down (increases- red candle)
โ Bollinger bands -Trading range of stocks
โ Market Capitalization- how much the company or equity is worth
โ Prices * # of shares
โ Private company- not shared to the public only with private companies
โ Public company- shared and sell to the public
โ GAAP- General accounting accepting principle
โ Balance sheet
โ Take a picture on the last day and report
โ Asset (own)
โ Cash always come first
โ Account receivable
โ Inventory
โ Equipment (tangible)
โ Intangible- goodwill, trape
โ Liability (owe)
โ Taxes
โ Payroll
โ Accounts payable
โ Debt- bank, short and long term debt (bonds)
โ Equity is the last thing to determine how much we owe
โ A = A +L
โ Income statement requirement
โ Beginning to end
