Patrick Stock Reading

Wednesday, July 05, 2006

Full time trader

Read it in cna forum, but didn't quite follows it posting, saw the title this morning and pondering. Main points such as skills, knoweldge, guts, emotions couple with examples to highlight the important of having these fundamental and benefits for all. To me, it is quite well covered.

However, don't quite agreed with the "greed" in us. To be a full time trader, beside some basic needs plus abilities to long as well as shorting stock/ stocks with some others trading instructments. One must

- be greedy

Be greedy? hm, my view, when we buy into strength (at new high price, thinking of selling higher) some one is selling. Question is, did they think of leaving some for others? Guess this is not true, all they knew is making as much as possible, they going to squeeze us dry, if they could and personnally I don't believes they're going to leave some for us.

Therefore, be as greedy as you possibly wanted. If you greed is one cent, or even 50 cents go for it, but if the overall market said they are not giving that one or 50 cents now, don't argue and take what they're willing to give and go.

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