"Read this book : Market Wizards". Best advice ever. If you understand how smart people and pros made money by the past, you will make money in the future. CM
Buy at least one rental house each year, been doing so since I was eighteen, am 59. Day trading, Back test till you have all the answers. Long term, use weekly charts. You not trading price, you managing risk which is my advise.
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.
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.
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!