Disclaimer: I day trade, so this might be influenced by defensiveness.
The thinking patterns I’ve learned on LW haven’t really helped me to discover any new edge over the markets. Investment, or speculation, feels more like Go or blackjack as an activity. Being a rationalist doesn’t directly help me notice new trades or pick up on patterns that the analysts I read haven’t already seen.
On the other hand, the most difficult thing about dealing with financial matters is remaining calm and taking the appropriate action. LW techniques have helped me with this a lot. I believe that reading LW has made me a more consistent trader.
I’m not sure that the above was written clearly, let me try again. My proficiency as a speculator goes up and down based on my state of mind. Reading LW hasn’t made the ups higher, but its made me less likely to drop to a valley.
On a tangent, while I’m thinking about it.
Has anyone else just been baldly disbelieved if they mention that they made money in a nontraditional way? The only other time I’ve seen it happen is making money at Vegas. I’ve met people who seem to have ‘The House Always Wins’, or ‘You Can’t Beat The Market’ or ‘Sweepstakes/Lotteries Are A Waste Of Money’ as an article of faith to the point that, presented with a counter example, they deny reality.
Disclaimer: I day trade, so this might be influenced by defensiveness.
The thinking patterns I’ve learned on LW haven’t really helped me to discover any new edge over the markets. Investment, or speculation, feels more like Go or blackjack as an activity. Being a rationalist doesn’t directly help me notice new trades or pick up on patterns that the analysts I read haven’t already seen.
On the other hand, the most difficult thing about dealing with financial matters is remaining calm and taking the appropriate action. LW techniques have helped me with this a lot. I believe that reading LW has made me a more consistent trader.
I’m not sure that the above was written clearly, let me try again. My proficiency as a speculator goes up and down based on my state of mind. Reading LW hasn’t made the ups higher, but its made me less likely to drop to a valley.
On a tangent, while I’m thinking about it.
Has anyone else just been baldly disbelieved if they mention that they made money in a nontraditional way? The only other time I’ve seen it happen is making money at Vegas. I’ve met people who seem to have ‘The House Always Wins’, or ‘You Can’t Beat The Market’ or ‘Sweepstakes/Lotteries Are A Waste Of Money’ as an article of faith to the point that, presented with a counter example, they deny reality.