The Only Thing I’ve Learned About the Markets

 

Trader Scott

 

A reader, Suzy, left a sweet comment at my last post.

Trader Scott,
Re; I find most of the interviews on King World News to be completely useless or worse.
I am so glad you said that. Over the years I have read King World News off and on and thought the same thing. Nice to have it verified by you, an expert in the field 🙂

I do appreciate the kind words, and I would respond this way – After well over twenty years in this business of having my money on the line, it’s debatable whether I actually understand markets.

But I have become pretty good at the only thing that truly matters for longevity in trading and investing. I understand, I have complete respect for, and I know how to control —- RISK.

Please ponder that. After years and years of only being involved in markets as a “job” and working twelve hour days, that is the only thing that I have really grasped.

And then ask yourself, do you need a completely new approach to and perspective on — markets?

'Trader Scott – The Only Thing I’ve Learned About the Markets – July 20, 2016' have 2 comments

  1. July 20, 2016 @ 6:07 pm Randal Magnuson

    Thanks Scott!

    The following stood out as gold….
    “But I have become pretty good at the only thing that truly matters for longevity in trading and investing. I understand, I have complete respect for, and I know how to control —- RISK.”

    Regarding understanding, respecting, and controlling risk… what does a broad strokes overview of that look like, what basic things do you do, to be successful at managing risk?

    Thanks for all your work,
    Randal

    • July 21, 2016 @ 10:51 pm scott

      Randal that’s a great idea for an upcoming post as it will be rather wordy.
      Thanks

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