Posted by: nepali_kai January 14, 2007
Making Money with Eminitrader
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final post from me in this thread , just want to post a paragraph from Jason Zweig's ( editor of benjamin graham's intelligent investor book) column at money magazine , every one is free to make their own inference from the post , " NEW YORK (MONEY Magazine) - If getting rich is supposed to make you feel good, why are so many investors so agitated so much of the time -- even when the market goes up? It's not only that guy on CNBC who looks (and sounds) as if he just got his belt buckle stuck in an electrical socket. It's how you kick yourself for buying stock in eToys or Pets.com or WorldCom. It's how you kick yourself for not buying stock in Warren Buffett's Berkshire Hathaway. It's the way your favorite financial Web site bristles with red and green arrows that change color and direction every few seconds. It's daily headlines stocked with scary animals like bulls, bears and even dead cats that bounce. Investing doesn't have to be like this. In fact, it's not supposed to be like this. Despite everything most market pundits say, investing is not a struggle, a battle, a game or a contest; it is a continuous process that lasts a lifetime. Whether you are winning or losing at any given moment is beside the point. The only thing that matters is whether you prevail in the end -- and the factors that determine long-term victory are the exact opposite of the ones that tend to create short-term success. In the short run, the investors who can't let go -- who track and trade on every market move -- tend to come out on top. But the longer they keep at it, the more likely these same people are to become losers. That's because obsessing over the market leads you to think you can foretell the financial future. Then you will make increasingly aggressive bets, which sooner or later are all but certain to end up giving you either heartburn or heartache." HAPPY INVESTING TO ALL
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