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Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Re: good time to get rid of some stuff & TLT/SHV||Date: 1/10/2013 1:46 PM|
|Author: globalist2013||Number: 34645 of 35345|
I’m done buying for the day (3 adds). So I can chat a bit.
If you’re not exercising daily, as in, at least an hour or so of sweaty exercise, you’re doing two bad things. #1, you’re compromising your ability to perform well when you’re doing your screen time. #2, you’re exchanging something far more important (namely, health) for something (i.e., money) that won’t do you a bit of good if you aren’t healthy. Get your butt out of the office every day, rain or shine, sleet or snow. Every day. Trading is a high-stress, high-performance sport that requires both mental and physical fitness. What those miles on foot or on a bike allow your body to do is to heal from the damage you do to it from investing/trading, an activity we humans weren’t meant to do (and generally don’t do well).
As far as having a viable system, but failing to utilize it properly, that’s the one constant theme you hear from trading coaches. The system has to match the trader’s personality exactly, or it won’t be used. I did my first stock trade when I was ten and dabbled at the edges of investing since. But it wasn’t until the fall of ’99 that I began to find my niche. Stocks were soaring, but I knew the moves wouldn’t/couldn’t last, and I began rotating my efforts into bonds, cautiously, timidly, one tiny step at time. But about a year into the gig, one afternoon after the market had closed, I was just relaxing, feet propped on the desk, the sunshine streaming through the windows of my office, and I was reading Van Tharp on position-sizing and risk-management, and suddenly, like Paul on the road to Damascus, I had a flash of insight on how I could pair together a couple of things conventionally not done and build a bond-investing system. I knew then and there, with total assurance, I could make it work. It was one of those rare, magic moments where intuition trumps explicit thinking, where “feel” determines action. I "knew" I was right, and I knew I didn't have to "explain it", because it was so obvious.
In short, I had found my 'edge', and I haven’t looked back. What I do with bonds matches my Meyers-Briggs type exactly, which is why I’m willing to put in the hours I do, which is why I don’t find them onerous, and which is why I’m good at what I do. I’m just “being myself”, and the bond market, in turn, has been more than kind and forgiving as she taught me what I needed to learn.
Get out there walkin’ or bikin’. It’s really, really important.
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