What is the best tool you’ve discovered on the internet?
That’s exactly what I do, and that’s why I have to say: I don’t actually buy and sell at all, because I’m not an expert (except when I get a tip from the good old boys who go by the name of The Biggest Short). You know that “in real life, trading is more like a lottery.” The thing is that the best and worst stocks never lose, whereas the best and worst stocks do go down. Also, while it is easier to get new info, more than twice as much knowledge can be gained by reading and trying for it, and once it’s in your head it is impossible to get out of your head.
Why do you do the swings? How do you practice? Do you do it on computers? How long do you have to do it for?
You just have to be patient, and let your swings run. I’ll start, and I’ll finish by the end of the next week. And sometimes I just want to take a break and take a shower and just relax, and watch something a bit different, or maybe some TV. Or sit for a half hour and watch some TV, or take a break in a room with curtains (which can be nice).
What is the biggest mistake that traders make when trading?
I think there really is no mistake except making a lot of mistakes over a very long, very complex system. The best way to stop making mistakes is to try to learn from them. Learn from the mistakes, and then think what to do to avoid making them again. It’s not easy, I know, but it does work.
What is your dream job?
If I didn’t already have the other 2, I’d have to say a consultant…I’m an excellent person to listen to when making business decisions for someone, because I don’t do it with the assumption that there’s a better (or any) one for you out there. If you ask one of my buddies what they want to do with their career, what are they more likely to do than be a consultant? They probably don’t think about it that way, but that’s what I usually tell them. When it comes to business decisions they have to make for their future, we have to think in terms of the next 3-6 years, we have to be realistic enough to make the trade with the company, and only make those trades where the
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