|
PureBytes Links
Trading Reference Links
|
marty schwartz's "lessons" in pit bull are instructive in that he, as
a highly successful trader on his own, failed miserably in the mm
arena. why? it's simple; he changed his trading approach and got
conservative when dealing with opm. the resultant stress nearly killed
him physically and his clients financially.
moral of story, know your limitations and go with your strengths. and
never change your trading style/methodology/system ever if the damn
thing is successful.
TJ
ps: i would never trade family money in futures even if i thought i
had the holy grail from a direct hookup with God. mixing family and
business is a bad idea and just plain stupid.
ps2: i pay my bills from my trading profits, and have been since the
early 80's. it's no different than drawing a paycheck from an
employer, except you're the employer and the employee, a very sweet
deal indeed <g>
---charles meyer <chmeyer@xxxxxxxx> wrote:
>
> Phil:
>
> If what you say is true when you state that....
>
>
> >The easiest thing is to trade your own account. More so if you
don't need
> >the profits to pay the bills. The hardest thing is to trade your
dad's
> >account, uncle don's account, etc. Once you can master this then
OPM is a
> >cinch.
>
>
> Then a prior post is correct saying that the best traders don't
> manage OPM.....they trade their own account.
|