Focus on the "Fundamentals" of what your investment can produce, NOT on the day to day fluctuations of where you HOPE it will go!! . I'm the 7th son out of 7 sons, my daddy was a Pistol, I'm a Son Of A Gun.
Momentum trader obsessed with risk management and always playing good defense. Former hedge fund manager, prop trader, 15+ years of market experience. Have MBA in Finance from NYU but do NOT believe that markets are efficient.
Mercenary Trader: Timely market commentary, valuable resources for current and aspiring traders, awesome interviews and free special reports, high quality materials on the psychology, theory and practice of trading, and more.
I am breaking all the diversification rules right now by keeping almost 90% of my money in AIG. I used to hold ARR or AGNC, but I have switched to AIG in Sept 2012.
Portfolio contents at 12/31/2013
AIG (92%) BAC(4%) BRK.B(2%), AGNC (2%) ARR(1.5%)