Kidl,
For me, longer term charting, less news reading and
a bit more exercise equals a fuller, more satisfying lifestyle.
I was concerned that slowing the pace of trading would mean
the loss of trading skills. No so… at least, not yet.
I sold AAPL at 627 many months ago. Of course, it ran higher
for a short time upping my anxiety about possible skill reduction.
Then it cratered. The result was relief.
Sold most of my gold coins at 1770ish just before it ran to nearly 1900.
I felt that I had blown a grand opportunity… and to some extent, I did.
But I’m feeling just fine now with that outcome, since I averaged in
at about $1,100.
I took a quick glance at the site you mentioned and I hope that you’re
getting something good out of it.
Back in the day when I found what I thought was a good trading chat room,
I’d give it maybe 6 months time and then ask myself, “What have I learned that
has changed my investment/trading attitude or caused me to make better decisions.”
In other words, what competitive advantage have I gained?
If I couldn’t immediately point out several positives, I’d stop reading that site.
After a couple of years, I had eliminated all but the DrBob site – and I stuck
around that site because I enjoyed the chat and sharing.
Having walked my dog around the same neighborhood for several years,
I know where she’s going to pee most often. The market is somewhat similar.
Happy trading,
Flack
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