Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 191.13

-0.7%

Jan 30 9:30 AM EST

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To: ajtj99 who wrote (45284)	7/30/2001 12:23:21 AM
From: Trader J	Read Replies (2) of 56537

AJ: I completely agree with your financial assessment of many people. I think this most recent market cycle has brought that to the forefront for many people. There was so much wealth that was created and so many people took it for granted and didn't take steps to secure what they had. Heck, I lost quite a chunk over the past year .... but during the run we made sure that we kept the trading account in a particular range, and paid off the cars, put 20% down on our new construction home, bought furniture for the house, donated and gifted some, funded our emergency fund, opened multiple mutual funds, and bolstered the long account. Doing these things locked in the gains to a point, and made the past 12-18 months far less painful. But many have to learn these lessons the hard way ....... but unfortunately, the older we get before we learn these lessons the harder the lesson .... with more at stake. J

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