What inexperienced investors can learn from T.Gal

[lonewolf]

Money is important but I agree with Suzy Orman regarding people first then money then things. The most important thing I think can be learned from T gal as well as some others on this site is the way she treats people & has stood up for some that have been bullied.

[Belguy]

There are bullies everywhere--including on this forum. The anonymity of the internet has exacerbated the problem however, thankfully, society as a whole is becoming less tolerant of bullies.

In many cases, once a bully, always a bully. These people act superior but, deep down, have problems of their own. You can only become one of their victims if you allow yourself to.

Anyway, we all know which ones they are even if we don't know their real identity.

[lonewolf]

Robert Prechtor could have been on to something regarding the higher degree of inclusion the higher the degree of the market top & the higher the degree of exclusion the higher the drgree of the market bottom.

My friend Belguy I think is on to something in regards to not becoming one of thier victums.

Esteam is a basic physcological need & is inherant in everyone, it entails that one is commited to that which is good & true & able & worthy of living. Since esteam is a value judgement a standard must be used to gauge ones esteam. esteam efects all other value judgements & the standard one uses to gauge esteam is very important. Never use an irrational standard such as what a bully has to say in regarding esteam. Everyone gets to pick the standard they use. Since mans biological trait is reason. I use commitment of reason to gauge mine.

Reason (judging by information provided by the senses)

[thenegotiator]

for pucki to

http://www.bloomberg.com/news/2012-1...rnings-1-.html

Is that guy really Sh#$$##%$ting his pants?
we will find out right?

here is the trade

http://tmx.quotemedia.com/options.ph...&qm_page=29860

T.Gal, many thks for sharing yr first investment experience, very educational as usual (I agree with Homerhomer! upthread) and thks to everybody else who gave advice, warned, etc. It is so great to get all your advice, concerns, warnings - this is an unbelievable forum.

Am well aware that T.Gal is also a trader beside an investor

I am neither an investor nor a trader, I am an apprentice of investing. Investing to me is like starting/running a company like that:
- Phase 1 schooling, university, college - that’s the theory, the books
- Phase 2 Implementation of theory (trial and error).
- Phase 3 Let's say you start a business. You base the selection of its products on what you learnt and what you experienced so far. Let’s say you have some success.

There are now two ways you can go:
- stay forever with the original/traditional product and don’t change anything OR
- look around what your competitors are doing, what your suppliers and customers are saying

We chose/and still choose the 2nd path, looked at other people’s ideas and adapted them to fit new target groups and our company’s personality. Never steal from somebody else if you don’t know what you could do differently.

My approach about “money-handling/growing” follows the same route. This is not about “Investing” OR “Trading” - this is not about “you belong in this box and you in the other”. I would never ignore other persons’ strategies - they are too interesting.

T.Gal’s posts as well as Humbles, Lepthurns, GOBs, MoneyGals and so many others’ contributions have a psychological impact beyond teaching books:

Different approaches open new horizons, new insights, open up new strategies. The ideas that you can start small, that you don’t need millions, that you can (and need to be ) creative, that you need to watch your cost and outcome if trading, can day-trade, swing-trade, options, couch-potato, etc., I think is not necessarily knowledge new and inexperienced investors are born with. Usually, newbies are overwhelmed!

Nor does it hurt if seasoned investors open their minds. I don’t think that in these times of uncertainties and volatility traditional strategies will work anymore and you have to be very open to a variety of them (without losing your shirt)

From the above you probably will have deducted that I am no couch-potato-investor (too interested in adventure, though cautious). Am past the accumulation phase and getting back to phase 1 to fight brain fatigue (see above)

Goldstone: I know our portfolio’s return almost to a T! (thks to my partner / running a company successfully comes with good record keeping,
Sampson: sorry, sports not on my agenda, no help by T.Gal there.
Dogcom thks for your warnings - I really appreciate it

Tks to everybody. Puck (not like in hockey but like Pookkie)

hey pucki.
so this option trade here was damn good was it not?
be carefulll out there.
the mkt is full of wolves

the boytoy from bloomberg is sH5^&^%$$#itting his pants now maybe?
actually 90% of the news IMO is bullshit.
10% is aok.

cheers anyway.

[lonewolf]

Hi, negotiator

A lonewolf is safe, it is the pack that is dangerous. When I have a strong commitment to reason & think something is true & no one agrees with me I feel more confident that I have done some thinking & not memorizing.