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To: skinowski who wrote (35224)5/11/2019 12:53:55 PM
From: Qone0  Read Replies (2) | Respond to of 41483
 
Thanks Ski, well thought out advice. The business is RV parts and repairs, motor homes, 5th wheels, Pick up campers ect. It's a niche and highly specialized business. Finding a partner to run it, that would be equal to my 35 plus years experience. Would be hard. I started the business in 1983, it almost failed at the start. I didn't know everything I needed to know.

One of my competitors closed up 2 years ago, he tried to hire someone to run it for him. It didn't work, the business immediately suffered without him there to push everything forward. He ended up selling the real estate and shutting down.

I don't know what I'm going to do yet. I'll think through all the angles I can.



To: skinowski who wrote (35224)5/11/2019 5:16:57 PM
From: Rarebird  Read Replies (1) | Respond to of 41483
 
I think it is very difficult to swing trade properly if one has another profession. For years, I used mutual funds when I was working full time. It becomes a question of time perusing charts, listening to conference calls and there is no substitute for watching how equities trade throughout the business day. I would go so far as to say, it is negligent to own individual equities while one is working full time. One is asking for trouble. People get into trouble when they throw money at individual stocks without monitoring it on daily and intraday basis. There is a certain feel one gets by doing it full time. More importantly, attention to detail is lost when one works at another job during market hours.
I tried swing trading equities while I was working full time and it did not work well. When I owned mutual funds and adopted a buy and hold attitude and just checked prices at the end of the day, I did extremely well.
Now that I devote full time to swing trading, my performance has improved dramatically. I can't emphasize enough how swing trading is in itself a full time job, which requires lots of time and work.