Posted by billnew52 on 27th of Aug 2011 at 10:00 am
Matt,
Thanks for the discussion particularly the part on money
management. I have listened to and read the works of a number
of quality people in this investment/trading game and they all
stress money management. It is probably the least listened to
part of their overall work for one reason: it requires
careful attention, discipline, and PATIENCE. Without
patience, we won't see the results, we lose confidence, and lose
the mental srength (virtue) that is the greatest
requirement.
So, to all those trading the SPY system, let's get in line with
reality. Let's get real!!
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Why patience is a virtue
SPY System Discussion
Posted by billnew52 on 27th of Aug 2011 at 10:00 am
Matt,
Thanks for the discussion particularly the part on money management. I have listened to and read the works of a number of quality people in this investment/trading game and they all stress money management. It is probably the least listened to part of their overall work for one reason: it requires careful attention, discipline, and PATIENCE. Without patience, we won't see the results, we lose confidence, and lose the mental srength (virtue) that is the greatest requirement.
So, to all those trading the SPY system, let's get in line with reality. Let's get real!!