Saturday, November 17, 2012 7:47:55 PM
"There is no way on earth you have been there and done that. You probably (if you really even did) held G.E. for six months. "
i didnt do it with GE...do you recall the bubble years?...when you could throw darts at a board and make money with whatever it landed on?...do you recall the tech stocks that would go from a buck to 60 bucks 2 weeks later then 350 2 weeks after that?....
that was the greatest time to trade...i left so much money on so many different tables and still made a ton... the only ones who got screwed were the long term holders...i knew plenty of millionaires who lost it all because they thought the stock market would continue to rise... forever i guess...i dont know what they were thinking...
at that time there were very smart people who were calling for the bubble to burst...it was so painfully obvious that was true...i dont know how it could have surprised anyone...
i became conservative with my long term holdings, went into cash, but kept trading...got caught holding when the bubble burst...took a hit but still came out very well...
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