Quote from KevinK:
Was just reviewing the journal and came across this quote...
I Can't AGREE MORE... It's weird buying a stock that is sometimes already up 10%.
Jack always insisted people set aside their pre-conceived notions and rid themselves of habits from other methods before attempting to learn his methods. As a 'day-trader' prior to learning from Jack, I experienced great difficulty in permitting myself to hold stocks overnight (a daytrader ends flat in cash at the end of the day). I even tried to use a variant of these methods to 'daytrade' stocks with very little success. Once I finally decided to follow the advice shared by Jack without running it through my own mental filters, I developed a greater understanding.
- Spydertrader