The market gave me a good old fashioned beating today

[Ageo]

Traders here are far to quick to jump in and out and cost themselves as much if not more money than they save themselves IMHO.

May i ask how would you know Realist.

You have never traded have you

 

[swingstar]

Well his book is called that, but he is a trader, not a Buffet type investor that is for sure.

http://www.farleigh.com/companies.html

That's a lot of businesses to own and/or operate for a trader.

It is a good book actually.

I will add it to the list.

 

[professor_frink]

Well his book is called that, but he is a trader, not a Buffet type investor that is for sure.

It is a good book actually.

Alot of what he has to say makes sense.

One of his comments was "I have never made much money out of a quick trade".


Read the PDN thread again, it is funny watching people buy in, sell out, buy in again and sell again.

Traders here are far to quick to jump in and out and cost themselves as much if not more money than they save themselves IMHO.

I wouldn't call that guy a trader.

 

[It's Snake Pliskin]

It does matter Snake, ahh but it does.

Purely for entertainment purposes of course.

It's like a billionaire betting $10 on a horse, he still wants it to run well and win - the actual money he makes is not the point, he wants to watch the race.

Since your strategy is to hold for 30 years and you want to use similies, then it is like to watching the start of the race only - remember 30 years!