On... Doing Nothing
If there's nothing to do, then do nothing. In my previous post , I mentioned that everytime I see a signal, I should take it. This implies that I have to be very active. In essence, it is, but only when you see an entry/exit signal. Otherwise, you should not do anything. You see the investing business is quite different from any other business or career. In your normal activities, business, career, etc.... The more you do, the more you gain - it pays to be active. However, in investing, the less you do, the better. Laziness ( bordering on sloth ) is actually an edge. To quote Jesse Livermore - "It was never my thinking that made the big money. It was my sitting. Got that?" The first instance where you should sit on your hands is not to put trades where there are no good trades to put on. Don't force yourself to trade for the sake of trading. Be patient! Of course, no trades = no money. But that's much better than putting on bad trades and lose money. In the last ...