What would YOU do?

Discussion in 'Professional Trading' started by elcap73, Jan 12, 2006.

  1. elcap73

    elcap73

    Very good input from everyone. Particularly concerning mentors and conflicting style issues. Thank you and keep it coming.

    On the mention of Wyckoff, I did some googling and found this page w/some "Wyckoff Wisdom" so to speak. Good stuff and timeless:

    http://www.arbtrading.com/wisdom.htm

    A sample in that piece:

    "It is better to depend on your own judgment than on that of any other person. If you have not reached a point where you can do this, better continue your studies and practice until you can form a sound, independent judgment on which you can base your commitments."

    and

    "Eight-five or ninety per cent of business, investment and speculative mortalities are due either to over-trading or lack of capital, which when boiled down are one and the same thing."

    or

    "You should either make a business of trading or else not try to be a trader. You cannot be successful at trading any more than you can be at mining, manufacturing, doctoring or anything else, unless you are trained for it…unless you are peculiarly adapted to the business you are better become an intelligent investor instead of an unintelligent trader."
     
    #21     Jan 14, 2006
  2. What if you had a government job? Job security is pretty much guaranteed.... that's my dilemma.
     
    #22     Jan 15, 2006