Thousands perhaps are in the backwaters of life because of the debacles in 1997 and 1998. These stories should be a lesson to those trading today, with the same systems enlivened with better kinds of flashing lights. It was some kind of miracle that I took $25,000 and turned it into $115,000 back in the heydays. The market just went up and up and I could not pick a bad stock. I would make $10,000 in a few days. Then the market turned and I did not recognize it, played the same game, did not change my style, kept reading web pages from the bulls. But the bears had taken over. Then by the time I recognized my error the bulls had taken charge again and by that time I was listening to the bears. I lost both ways.
- Ken Smith
Spot on.
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