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Strategies & Market Trends : 50% Gains Investing

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To: Biomaven who wrote (117841)	2/9/2014 12:16:02 AM
From: Shane M	Read Replies (2) of 118717

re: my advice is to avoid frequent trading, ignore brokerage reports, and try to focus on some long-term trend - in my experience the market is pretty blind to stuff that happens over anything longer than a couple of years. Biomaven, this post struck a chord with me. In the market wizards book many top traders/investors repeatedly talked about how they think most people trade too much, and that we should invest in good ideas and give them time to play out. Also, I wanted to share something I've noticed that I think benefits me. I still use ancient Money 2000 software to track my investments. Microsoft turned of the "auto-update" feature on that software a few years ago, so now all my position updates have to be manual. At first I didn't like it - I was accustomed to opening the software and all my positions and gains/losses would be updated automatically. Now I update much less frequently - sometimes not even monthly - and I find it's much better for the investor in me. Instead of responding to daily fluctuations and news, it's now easier to pay attention to longer term trends and not worry about every zig/zag in portfolio valuation.

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