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Investing/Strategies / Retirement Investing
|Subject: Re: Asset Allocation||Date: 8/1/2005 7:24 PM|
|Author: jrr7||Number: 47121 of 76901|
Develop a trading discipline so that you can make money in the market trading stocks or ETFs.
Good advice. Too bad it's completely impossible for most people to stick to it.
It takes a certain mentality to be a trader -- to utterly shut down your emotions of greed and fear.
Most people can't do it. And so they wind up panicking when they lose money and doing the absolute worst thing; or wind up getting greedy when they're gaining money and watch all their gains evaporate.
Joelxwil is a trader, and a good one. It's in his interest to get as many people into trading as possible, as that will increase the population of suckers that he can take money from.
One day you may be as good a trader as he is. The question is, how much money will you lose before then -- if that day ever comes?
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