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