Majority (75%) of portfolio is used for long-term holds; rest is day/swing trades. Averaging UP is best method to accumulating wealth in the market. Patience (not stubborness) has taken a long time for me to learn, but has given me good gains.
Penn State Econ major~Scholar of Behavioral Finance & 30yr mkt trader~Proponent of the notion that psychology & emotion recurrently contest the efficient market hypothesis*DISCLAIMER:NEVER trade any security based on my opinions~Live Life~Smile Often
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.
Read the fucking book.
6000 noise makers blocked and growing - U could be next.
PS: I twit my losses because I can.
Book: Reminiscences of a Stock Operator .
My twits are my opinion, not advice. I am often wrong and I love it.
Already made my living as a pro runner, cyclist, and triathlete/duathlete and continue to do so as a coach. Trade on tablet and phone while gardening or working out sometimes; definitely don't hang out on computer all day.