Successful Trading

Rs7, you may be more right than you think. A few years back I opened Roth IRA accounts for myself and my wife. I have contributed equal amounts to both. Today, her account is twice as big as mine...

dis
 
Originally posted by dis
Rs7, you may be more right than you think. A few years back I opened Roth IRA accounts for myself and my wife. I have contributed equal amounts to both. Today, her account is twice as big as mine...

dis
More...
:(
Guess you are accountable to your wife like I am to mine:D
Like I always say....I just work here!
And that's to the rest of my family as well as friends and strangers!
 
BTW, the "hard work is sitting"...that is really on the money...and almost like a Livermore type of truism...The easiest thing to do alot of times is jump into the fray and get a "piece of the action", the hardest thing to do is sit patiently like a lion waiting for his prey to be most vulnerable and then leaping out from behind the bushes to pounce on it...
 
Originally posted by vulture
BTW, the "hard work is sitting"...that is really on the money...and almost like a Livermore type of truism...The easiest thing to do alot of times is jump into the fray and get a "piece of the action",
More...

Committment to letting the play work itself out is by far one of the most essential and difficult skills to cultivate. Allowing the move to spontaneously fulfill itself without letting ones attachements interfere is truly an art.

Great Post Vulture,
Publias
 
Originally posted by futurecurrents
posted by me

"My other career was an active, on-the-go type activity. To just sit and do nothing all morning is tough. It doesn't feel right.. like I'm wasting time, and sooo boring."

posted by rs7

"But what he (and so many others) did not understand that often the "hard work" in trading is going through what you call the "boring" times. Being disciplined is hard work. Not trading is hard work. Watching the "action" and not participating is hard work. Inaction does not equate to doing nothing though it may appear that way. It is the DECISION to "do nothing" that makes that very "inaction" work. Our job is about making decisions, not about making trades. Anyone can hit the buy or sell button. Deciding when to do it is something else. It is what seperates work from play. Trading from amusement. "

************************************************
Thanks for the advice. I guess I have to get used to the idea of work as just sitting in a comfy chair.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

"Patience, n. A minor form of dispair, disguised as a virtue."
-Ambrose Bierce, The Devil's Dictionary, 1911
More...



I identified with fc's remark, though I'm sure noone here would know that about me.

Anyway, about your tag line FC, what the devil intends for evil God uses for good.
 
Originally posted by rs7
Guess you are accountable to your wife like I am to mine:D
More...
It must be subliminal: my wife does not even know she has an IRA account.
 
Originally posted by vulture
BTW, the "hard work is sitting"...that is really on the money...and almost like a Livermore type of truism...The easiest thing to do alot of times is jump into the fray and get a "piece of the action", the hardest thing to do is sit patiently like a lion waiting for his prey to be most vulnerable and then leaping out from behind the bushes to pounce on it...
More...

That is so true, my best months are when I am super selective and only trade when everything lines up perfectly. I think my friends wonder what the hell I am doing, because it probably appears to them I do no work at all.
 
This is the first time i am reading your initial post on this thread. This is the reason I voted for you to stay! Discipline comes from accountability. If self accountability does not work for you then find something else. I know of someone who went so far as setting up a corporation to trade his personal account so that he "thought" he was accountable to the shareholders (him, his wife and a trust for his kids).

Great post.
 
Originally posted by Newatthis
I know of someone who went so far as setting up a corporation to trade his personal account so that he "thought" he was accountable to the shareholders (him, his wife and a trust for his kids).

Great post.
More...

I am curious to know if this had a positive impact on his trading?

Publias
 
You must log in or register to reply here.
Back
Top