Replies to post #440 on Swing trading Canadian

[marcos]

When compounded at seven per cent per annum an amount will double in ten years, i think that is also true? .... this is used in computing interest, but also in population growth - parts of our estado not too far from our 'other house' have had a few years ago a natural increase of seven per cent annually .... scarey stuff, young women of twenty-two with six kids were not uncommon, and are still not rare enough

At 0.5%, doubling time is 138 years, at 1.0% it is 70 years, at 2.0% 35yrs, at 4.0% 17yrs ... according to this [haven't checked it] - http://www.cnr.berkeley.edu/departments/espm/env-hist/espm161/outlines/2/

The 'rule of seven' i associate most with the salesman's belief ... this is why we get hammered so much with garbage advertising, the sad fact is that people's resistance can be broken down by repeated assault on their intelligence ..... email has become useless as a medium of communication, there is so much spam in it now that anything of value gets lost

[edit] - sorry, wandered a bit off topic there ... been enjoying your posts, you guys ... cheers

[Ed Monton]

That last book you recommend looks interesting. I like the bit about putting all your eggs in one basket. So many recommend diversifying but I tend to believe that you put all your eggs in one basket and watch that basket very carefully. Of course you don't do that all the time but once in a while a trade comes along that is just so good, you cant resist.

It's also important to have the patience to wait for that trade to come along.

Anyway, I'll add that book to my list. Thanks.

tf