I just mailed the following to my mental health clinic's case managers:
I didn't make any trades today.
But after just one day of doing nothing my profit went up by a thousand dollars.
I have a friend who used to be a day trader - trading stocks. He told me it was incredibly stressful, and that he would make more money by working in a regular job.
So he gave up the stock market, then got hired as a Civil Service engineer at Corona Naval Airbase in Southern California.
He loves that job and has held it for so long that he is quite close to retirement.
I once worked for a private hedge fund that traded commodity futures at the Chicago Board Of Trade. His trades were guided by a very complex computer program. I called his software "A license to print money".
It happened all the time that he'd lose tens of thousands of dollars, only to get it all back and then some. His fund consistently outperformed all the publicly-traded funds.
The owner was quite definitely the most bitter, angry man I ever met. It was easy to see why. He thought the key to happiness was for his hedge fund do so well that he would have a billion dollars.
The Roller-Coaster
I just mailed the following to my mental health clinic's case managers:
I didn't make any trades today.
But after just one day of doing nothing my profit went up by a thousand dollars.
I have a friend who used to be a day trader - trading stocks. He told me it was incredibly stressful, and that he would make more money by working in a regular job.
So he gave up the stock market, then got hired as a Civil Service engineer at Corona Naval Airbase in Southern California.
He loves that job and has held it for so long that he is quite close to retirement.
I once worked for a private hedge fund that traded commodity futures at the Chicago Board Of Trade. His trades were guided by a very complex computer program. I called his software "A license to print money".
It happened all the time that he'd lose tens of thousands of dollars, only to get it all back and then some. His fund consistently outperformed all the publicly-traded funds.
The owner was quite definitely the most bitter, angry man I ever met. It was easy to see why. He thought the key to happiness was for his hedge fund do so well that he would have a billion dollars.
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