Dan,
What are your thoughts on investing vs. trading?
Thanks.
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Dan The Man,
thank you.
Everyone is a trader in this market. Buy and hold only works in hindsight.
Most stocks, I think, are going to be oscillating within wide ranges over the
next few years. Better to shorten your time frame and ramp up your chart
analysis game.
I'm telling you -- the commentators on the financial TV shows as well as in
print are absolutely and obviously just trying to run the clock out. They have
the same schtick they've always had...but it doesn't work in this market. The
minions always talk about "next quarter"..."next
year"...etc. But they seriously do not know. They just can't let you know
that they don't know...because then you'll assign the appropriate degree of
credibility to them.
As I mentioned below: Believe only in yourself. Everyone else is just chatter.
Focus on learning what you can. Remain objective. Leave the faith for the
church, and passion for the bedroom.
Bring objectivity and peripheral vision to the market every day, and you are
never too far off the mark.
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