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<p>[QUOTE="Cloudsweeper99, post: 838212, member: 3011"]Oddly enough, not being able to move the money quickly may be more of an advantage than disadvantage. Even Jesse Livermore considered day-trading to be a losing strategy, and he is considered one of the best stock traders of all time. You have to know two things to be successful in the stock market: (1) How to value a company, and (2) the right way to think about market fluctuations. I've taught my technique to my two sons, who are using it successfully. Last week my youngest son told me, half surprised, that he actually has a larger gain in his portfolio now than he did when the DJIA was at 14,000. The folks who sold when things looked darkest a year ago are the ones who lost out. Those who had enough confidence in their ability to add money a year ago made out well.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 838212, member: 3011"]Oddly enough, not being able to move the money quickly may be more of an advantage than disadvantage. Even Jesse Livermore considered day-trading to be a losing strategy, and he is considered one of the best stock traders of all time. You have to know two things to be successful in the stock market: (1) How to value a company, and (2) the right way to think about market fluctuations. I've taught my technique to my two sons, who are using it successfully. Last week my youngest son told me, half surprised, that he actually has a larger gain in his portfolio now than he did when the DJIA was at 14,000. The folks who sold when things looked darkest a year ago are the ones who lost out. Those who had enough confidence in their ability to add money a year ago made out well.[/QUOTE]
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