Chapter XII
It talked about his encountered with a man he admired so much and led to one of his multiple destruction of wealth.
As I reflected for the last few months, I have been following a man that I admired. I listened to all of his web cast, I read and read again his blog posts. The fact the he claimed he was once a very successful trader, and he authority in his speeches, had played trick in my mind. I was ---sized" by him.
I lost sight of the the overall trend, of the overall sentiment. He is a perma-bull because he made money in the bear market, and I wanted to do the same. I actually wanted to make money in any market.
The outcome was terrible, I though he called the bottom many times during last few weeks of side-way movements. I loaded up on battered stocks and sectors, because they will bounce the first. I lost money. I did not lose my pants, but I lost more than I like. All the time, I could not figure out.
So the day came when my subscriptions expired and I no longer listen to him "religiously". And sitting down, with no voices echoed in my head, I looked out to the lake. It occurred to me that I made the mistake again. I lost money on the last consolidation during July and August. And determined to make up my own mind.
Best of success, everyone.
shorts: Everything
longs: ultra shorts, QID, TWM and so on
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