To be a successful speculator you must start buying repossessed items!

Discussion in 'Psychology' started by latinotrader, Jan 9, 2011.

  1. Let's face the truth
    We speculators benefit from other people misfortunes
    May sound harsh but that's the way it is

    We wish everyone the best
    but if they insist on making dumb purchase decisions
    we would gladly buy their remains at a great discount!

    We can start buying repossessed goods to move into buying discounted shares at the bottom
  2. bone

    bone ET Sponsor

    I am trying as we speak - in the real estate market.
  3. You might want to be careful, what with more and more properties having indeterminate title.
  4. zdreg


    most traders trade noise and miss the big moves.
  5. "We"?

    your confusing speculation with value investing.:D

    I'll gladly buy stuff @ all time highs.
  6. Not trying to offer advice or anything but, in retrospect, reading conventional concepts in purchasing real estate the most useful material I've read to offer insight on where and what to buy came from reading on urban planning.

    Perhaps you have been done that route but this book is my bible.