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Psychology and Money Management

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Millionaire in 10 weeks & Conversation with broker

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Legendary Market Wizard
Memphis TN
Trading Experience: None
Platform: ToS
Broker/Data: TDA
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Pariah Carey's Avatar
Posts: 805 since Jan 2014
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Big Mike View Post
And everyone typically learns best by their own experience, the kid touches the hot stove no matter how many times the mom says "don't touch it" --- but usually just once

As traders, we seem to really like hot stoves... it takes longer to learn what not to do

In all seriousness, we can offer the best advice in the world, in the most friendly or most serious way, but still at the end of the day the lesson must be learned by the individual, it cannot be learned for him on behalf of another.


Or as I like to tell people in my non-trading biz, “I can explain it for you but I can’t understand it for you.”

Money make ya handsome
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