Jim Rogers on Trading
Of course Jim Rogers hasn't said this yet, but everything he does say underscores it, as Rogers isn't a trader. Let's immediately identify a trader. It's someone who moves in and out of the market trying to hit the big thing. This isn't investing, it's gambling, and an expensive form of gambling.
There was never a worst time in my investment life than when I was working for a brokerage and was bombarded with the next big thing about every 15 minutes. I was even (for a short time) caught up into doing the trading thing as the emotional swings in the office are hard to express unless you've been there, and they can pressure you immensely to do dumb things.
The reason I said in the title trading is for sissies, is because it doesn't take discipline and research to enter into a trade based for the most part on emotion and some type of "breaking tip" that you move on. Any wimp can do that.
It takes someone mature and disciplined to invest over the long haul, and Jim Rogers, others, and all research has shown this is the best way to build wealth.
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