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TC:
Well, you wrote a novel-full here. These are just excellent points in response
to a good question.
Tim Morge
ResearchDepartment@xxxxxxxxxxxxxx wrote:
>
> JMB wrote:
>
> > For those who have successfully traded for a year or more, what was
> > the single most influential book, author, course, seminar, tutor, etc.
> > that led to your becoming successful / profitable?
>
> Ok I will start : number one on my list is this:
>
> 1. A track record of one year is not enough to qualify anyone as being successful. A real good
> trader who has been in the business for years will often be outrun by some new upstart. Only to
> latter blow themselves out, and the old hat just keeps on doing what he/her does year after year. To
> know this leads to being successful, to not believe this leads to ruin. The quick road is also a
> short road, usually at the end of a cliff.
>
> 2. There is a difference between being profitable and successful. How so? Well there are so many one
> shot wonders. How many on this list were around here talking to each other 4 years ago? Not many , I
> know the few, the rest are not likely to survive a flat or down market and so they wont be here 4
> years from now.
>
> 3. Would you rather know how I avoided the minefields of bullshit that is laid out there for the
> greedy sob's that are blinded by the glitter of the call of the gold rush.
>
> 4. I am different than the typical person, most sheep are white I am black. Most believe what is
> written in a magazine, I don't. Most want to belong to a trading fraternity of online friends and
> pals, I will study with those who have weathered the test of time with me.
>
> 5. The ignorance on trading list along with the turnover of participants has become the bench mark
> by which I know how intelligent I am.
>
> --
> TC
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