The following I quote from the Realmoney.com and I totally agree. Oh, it is said by Rev Shark.
Bob, I have written hundreds of times that there is no one best way to trade or invest. A good value player will beat a poor momentum trader, and a good momentum player will beat a bad value player.
You have to pick the style that works for you................
My approach is working just fine for me, as I'm sure yours is working for you. If I tried to follow your approach, I imagine I would be in big trouble because it isn't suitable for my personality or portfolio.
Wednesday, January 30, 2008
Monday, January 28, 2008
Thursday, January 24, 2008
Whenever the market is in uncertain condition, I decrease trading, spend more time reading, enriching myself. You have to understand the market is not an ATM machine that you can get cash out everyday. Sometimes you will have a slow season, just like the regular business, in which you should get yourself prepared for the next busy cycle.