As I look back, over the years there have been some great businesses that I could have gotten involved with but I was too focused on trading. I was overly focused on taking small sums of money and trading them into a fortune. I loved the game, or rather, I loved the idea of playing the game, but that isnt real and thats not enough to compete in a viable manner. If I really thought about it, the answer would have been that there were better areas for me to compete in the marketplace. But a singular focus doesnt equal efficient progress. The mistake I made was devoting myself to the market and not to myself. If youre only after money, shift your focus to something else. And ideally, take the time to find out, whatever you need to find out about how you operate.
Shift your focus
May 7th, 2008Dont trade with too little capital
May 6th, 2008Businesses fail because they dont have the financial reserves to keep going whether times are good or not so good. Trading without adequate capital is like opening a business without adequate capital its not going to last long. So, what is the right amount to begin with? It all depends on the market in which you are competing. Opening a small restaurant with a hundred thousand dollars might work in an area away from the city but opening a restaurant in
Can you show me how to trade?
May 5th, 2008Yeah, I get that a lot. I guess the best response to those that want to find easy riches is to read the book: [removed]
We put a lot of faith and hope into promises from those who want to sell to us that they have the answer to trading and success in the marketplace. The answer is