Realist said:I agree that traders can use either, either or both. Whatever they want. If they want to use technical analysis, a dartboard, the lotto numbers, a horoscope, or the weather forecast to pick their stocks no problem - there's always stop-losses right? Some people have become very rich using these methods.
If you wanna lose weight you can use Atkins, Weight Watchers, an ab-dominizer, Jenny Craig, Weight losss drinks, a personal trainer, boot camp, stomach stapler or diruetics - they all work to some degree, there are examples of them all being highly succesfull. They work!!
However.....
Every overweight person who eats regular small portions of mainly water rich foods, with a little meat and carbs, and drinks mainly water and exercises very regularly does lose weight and keeps it off!!
And over the longterm everyone who regularly puts money into a selection of diversified well run companies that are undervalued and make large profits and pay good dividends and holds them as long as possible will profit!!
There's no doubt Technical trading and ab-dominizers work for some people.
But investing and being healthy works for everyone!
The one and only difference is the later options requires discipline, and whether most people like to admit it or not they are not disciplined and often look for a quick fix instead.
wayneL said:Julia,
The answer in a nutshell is "What works for you!"
Schwager is famous of course for his books "The Market Wizards" and "The New Market Wizards" etc etc
Cheers
wayneL said:Thank you for your wisdom Realist
But for the 34,865,987,234,865,567,980,679,345th time, investing and trading are different.
Realist said:
Realist said:Okay block your eyes Wayne, you aint gonna like this...
I just watched that video. The guy is truly a clown.
"25% return per month for 10 years in a row" Hahahahahaaaaaaa!!
Gimme a break.
Then he says oh but he didn't put all his money in, because he was taught to be safe. Hahahahaaa, Then if he did that it aint 25% per month is it?
What a moronic comment.
I can supposedly make 100% per day for 10 years if I start with one dollar and beg for a dollar on the street, then the next day start with a dollar and do the same.
The point is unless it is compounding you aint making good returns.
Buffet relies on compounding and not paying tax, hence he is the 2nd richest man in the world, this clown relies on stories, hence he needs to run semiars to earn a meagre living.
"There is no such thing as a rich Technician, unless you count those that sell their services."
That I can agree with!
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