Wednesday, September 5, 2007

A Player...or Nothing





Wake up, will ya, pal?
If you're not inside, you are outside, OK?
I'm not talking about some $400,000-a-year Wall Street stiff...
...flying first class and being comfortable. I'm talking about liquid.
Rich enough to have your own jet.
Rich enough not to waste time.
Fifty, a hundred million dollars, Buddy.
A player...
...or nothing.


While it may be amusing to think about being a player, everyone cannot be a player. This is especially true for the part time trader. But.. there is an alternative to the nothing that GG mentions above. You can be a Mediocre Trader!

The Mediocre Trader has the interest, research capabilities, discipline, and resources to be far more successful than the uninformed trader. The Mediocre Trader also has a sense of his place in the food chain so that the disasters common to the uninformed trader can be avoided. And if things work out as a Mediocre Trader, you can always become a player later.

So let's become a Mediocre Trader!

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