When I say don't listen to anyone else, I am specifically saying don't do what others are doing or saying just because they are doing or saying it. I am specifically stating that it's fine to draw ideas from a vast pool of resources, but before acting on any idea, from whatever source derived, filter it through your own matrix.
hels02, I agree with you. We can all learn from others experience. ByLowSellHi, Yes, we need to OWN our own trades. Here are some possibilities: http://www.trade-ideas.com/ I hope this helps. Tom
Most people don't know that buffet actually traded aggressively in the 60s and 70s because the AUM were smaller by many magnitudes. Slowly his assets became too big for his arbitrage strategies to still be feasible. Hence the current buying into huge blue chip companies and speculation in liquid commodities and currencies. Asked in 1999 how much he could return annually if he only had to manage US $1,000,000, Buffet responded he could probably still do 40-50% a year.
LOL, I disagree but I know what you are saying. Don Trump says in his book says he only started with $200,000 back in the 60's. That must be like $3,000,000 in today's fiat. Not to segueway but is his daughter hot or what? Wow!!
"You ain't gonna get rich trading buffet style. Unless of course you already have a few million before you start trading/investing." get a clue. i said i check on buffet when INVESTING it has nothing to do with TRADING note the difference i TRADE index futures, duh heck, sometimes when investing i completely ignore charts. totally different than trading
Investing is for people who have money. Unless done for a living, trading is for people that DON'T HAVE MONEY. And when they are done trading, 99% still won't have any money.
What a mean thing to say . Of course, I don't have as much money as Warren Buffett ... yet... ... so maybe I don't have much money hrm.