Monday, August 27, 2007

I admit it, I was ignorant!

I have been studying the stock market heavily lately. I have been reading tons of books and studying to become an actual stock broker.

In doing so, I have come to the realization that I was ignorant. I see amazing flaws in my old "strategies". I look over the good trades I did and see "luck" and the bad trades and see several obvious signs that it was often my own fault!

I probably cost myself at least $30,000 this year alone with my lack of knowledge.

I guess the stock market is a microcosm of life. Just like when I was 18 and thought I knew everything and then when I was 30 I realized that I knew twice as much but only knew about 30% of everything. The same has finally occurred with the stock market, I thought I was "the man" and now I see that I was not. I now know a lot more and know that I have a ton more to learn!

It's good to find that out while I still have some money :) Actually, I've done fine over the years, but I see that I cost myself a lot of money!

I love learning all this! :)

God bless and keep learning!

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