Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (71) | Ignore Thread Prev | Next
Author: CBaker100 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36696  
Subject: Re: A Fledgling Trader Date: 3/10/2008 1:16 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
Prestone, awesome post. I appreciate it. In fact, I printed it up as I have several of the other answers. I appreciate all the honesty.

I am a former teacher/administrator, so therefore, I study. I read, I journal, I chart, I track. I am a former business owner, so I loathe losing money. If what I'm doing isn't working, I stop, study, try something different. And I am a recovering alcoholic (nearly 16 years sober) who got sober and stays sober by being brutally honest with myself. I always take responsibility for my own actions or inactions, and I have to stay aware of my character defects. Most of all, I have a passion for the stock market, and I am persistent enough to get through the learning curve that I know is coming.

I've bookmarked all of the links you and others have given me. And I am interested in the books you recommended. It will give me a chance to spend some more of the bookstore gift certificates my son gives me every year.

Janny, I think I agree with you on waiting for the bull market to establish those long term positions. I've had plenty of time the last few days to research, since I broke my foot on Saturday (4-6 weeks on crutches while I'm trying to move). It appears to me that bear markets last years, not months, so unless the retest of those January lows holds, we could be in for a long bear market. I was just telling my husband this morning that it may be awhile before I put most of the money to work. Like I said in an earlier post, I have put aside enough to live on for the next year without having to touch my portfolio, so I am willing to be patient.

I feel like I have so much to learn, and I am treating the learning like a job. I have no illusions about my abilities, so please bear with my newcomer questions. Some of them may be really basic.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (71) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Story Behind the Story
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement