I keep having this dream that when the market finally tops, it will do so on a massive overnight gap-down - there will be no chance to sell. The assumption of price-continuity is not always the right one. https://t.co/c3bzY25pKi
I appreciate you @gilmoreport for many reasons, but most importantly is that you introduced me to Richard Wyckoff. Forget about trading, he had a philosophy on life, much like yourself, that is certainly worth following, and being inspirational is something you both do so well.
@Akademiks you sound like a Joe jr. with the inflated ego. Wish you were humble like back in the day. Lost touch with the community. Only my opinion :)
@thisisrory & @MAL___ came back and reminded their fans why they're an INTEGRAL part of @JoeBudden's podcast. That entity would NOT be any good without their humor!
Every morning I look into the mirror and say to myself, โMark, you have the capacity to do serious damage to yourself today.โ Then I go to work. I do this to acknowledge my own capacity for self-destruction and to remember the two most important words in trading: respect risk!
A key concept that applies to any time-frame is over-trading. In other words, not waiting for the right set-up to show up, and trying to force things. That can cause problems for anyone, day-trader, swing-trader or intermediate-trend follower.
Somebody ask me if you can "really" make money swing-trading. You can make (or lose) money in any time-frame, but I've seen people lose the most when they become mindless "long-term investors" with no selling discipline.
Making lots of money in the market should certainly be your goal, and it is a worthy one. But again, I suggest taking the sage advice of Bill O'Neil...
Stop complaining, start changing!
Stop consuming, start producing!
Stop thinking, start doing!
You need to be active to change your status quo. That's true in life and in trade!