What if you know what you want? I ask this question often: What do you want? The obvious answers are wealth, possessions, health, with few people at first not understanding that my question is who are you and what do you want from life? How do you want to be remembered. Are you doing what you want right now? Why not?
This question and your learning about yourself helps you learn to trade but having you not subconsciously sabotage your own success, or simply gamble on a tip, or "hold something way too long"....there are psychological reasons this happens, and that we break rules.
This is what we must learn.
Our stock portfolios, for long term traders, are doing extraordinarily well. Remember, you can view stock charts of our stocks and bonds at www.stockcharts.com and as subscribers you know what of our shifty fifty we actually own, and what we are watching.
The question abounds on how to invest now for the years ahead and I've learned from just watching and reading the ongoing Wall Street Fraud that the whole money supply, the devaluing of the USD, and the new Wall Street games (AIG the most traded stock in the last 6 months), that there is more to the house of cards, and that more money will be needed, not for health care, but for the banks again if we do not gain control.
Jobs are a serious issue. I'm a believer that the jobless rate will stay 8 to 10% for an extended period, no matter how much better the stock market moves, or the economy improves. This may be the new way.
Our investments on the long term, are all short term. We carry 25% trailing stop losses on all open positions at all times, and often move it to 15% trailing stop if the market seems ominous.
What do you want? Begin thinking what you are striving for, why you trade why you work, and what are you being for? It's a question every human should ask themselves.
