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Strategies & Market Trends : Classic TA Workplace
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To: Chris G. who wrote (46574)7/21/2002 9:56:04 PM
From: whydididothat  Read Replies (1) of 209892
 
Most great traders/investors suffer significant losses in the beginning. My suggestion is that, like these great people, instead of reacting with passive resignation you become inspired to read & learn everything that you can about trading/speculating/money management. Looking at my bookshelf ... I think I would start with "Trader Vic - Methods of a Wall Street Master." Maybe others on the thread have better ideas? If you have a good head and put forth the effort, time and patience will reward you.

I agree with the various comments about message boards. Fortunately, you are here on a very high quality board with sincere and bright posters. A fake will usually be exposed quickly here. But, always base your decisions on your own learned analysis of the facts.

Finally, when asked "what is the most important advice you can give the average trader" Ed Seykota in "Market Wizards" replied "that he should find a superior trader to do his trading for him, and then go find something he really loves to do." Several people referenced Dr. Hussman's mutual fund & links ... he really is a very gifted and knowlegable fund manager (he has executed very well with his strategy of hedging away market risk) ... a rarity in that field.
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