What is the single, most effective piece of financial advice you've ever received?
- Thread starter Vincent S. Ashmore
- Start date
Best advice I can give you is never take advice from anonymous names on an ET thread.
Over long periods, the small cap value universe outperforms every other stock universe ....
Buy low,sell high --->OFTEN!
Your subconscious is wired to prevent success for most of those involved in the markets as traders.
SPOT ON
Right, Bro. And you have teams of traders whom you buy homes for after one year. Buying rental homes since you were 18, yet your posts state you were broke in the 80s. A night job paying $35K when you were 23 years-old. in 1981. Sure, that's $100K in today's dollars.
And you have Klinefelter's but have kids as well. I have a background in LS. I have never met nor heard of someone with Klinefelter's fathering children. Sure, you adopted.
You're affable, but please don't keep up with this fantasy. It's harmless I suppose, but wtf, find another hobby.
And you have Klinefelter's but have kids as well. I have a background in LS. I have never met nor heard of someone with Klinefelter's fathering children. Sure, you adopted.
You're affable, but please don't keep up with this fantasy. It's harmless I suppose, but wtf, find another hobby.
From Mark Douglas author of "The Disciplined Trader"
"If there is such a thing as a secret to the nature of trading, this is it: At the very core of one's ability, to trade without fear or over confidence; perceive what the market is offering from its perspective; stay completely focused in the 'now moment' opportunity flow; and spontaneously enter 'the zone' -- a strong virtually unshakable belief in an uncertain outcome with an edge in your favor"
I have this laminated and read it several times a day.
"If there is such a thing as a secret to the nature of trading, this is it: At the very core of one's ability, to trade without fear or over confidence; perceive what the market is offering from its perspective; stay completely focused in the 'now moment' opportunity flow; and spontaneously enter 'the zone' -- a strong virtually unshakable belief in an uncertain outcome with an edge in your favor"
I have this laminated and read it several times a day.
Exactly.
Trading wiz (now worth quite a few hundreds of millions) Blair Hull has a saying:
"Know your edge, exploit your edge— survive the game"
Surviving the game through prudent risk management is key in many walks of life- especially trading!