Originally posted by darkhorse
I completely disagree with this way of thinking. Lamenting missed opportunity is a sucker habit, and switching styles on a whim is a ticket to the poorhouse.
Changing styles is not like changing your shirt. With all the specialized elements of the craft and all the hidden pitfalls, it takes months or even years to get the engine firing right. No one gets it right all the time, no one with real experience even tries.
Furthermore, the best traders find the time frames and risk levels that mesh with their personalities. They act with the confidence of a solid foundation built on long hours of hard work and understanding.
So we are supposed to just throw that out the window and say well gee whiz, the mutual funds are walking up their names, let's take a flyer and go randomly long just because the screen is green?
If some idiot won a million dollars playing russian roulette and went on CNBC to brag about it, they would probably praise him for his courage because they are too blind to see the hidden dangers, the risks that are there but don't always manifest themselves.
Flyers should be taken in Vegas, at least down there you can get free drinks and the glitz of the strip.
Message boards are filled with poison. All newbies listen to me: listening to anyone at all on these boards, including me, may be hazardous to your wallet. You may well be a lamb led to slaughter. If you have any doubt, guess what- you probably are.
