There are two types of successful people in this business
"I'm glad the mostly trendless market of 2012 is behind us. Good times tend follow bad so we're due. In this business, longevity is key. You must experience a variety of markets: The print money phase when you can't wait to see how much money you made overnight. The chop phase when you sit mostly out of the market wondering if there will ever be any opportunities. And, something in between where you make a little but then give it up-rinse and repeat-and wonder if you'll every make any progress. If you survived 2012, then pat yourself on the back. Your expectations have been tempered and it won't go to your head when the market begins to trend. There are two types of successful people in this business: 1. Those who start during great times but abandon a simple methodology and begin chasing rainbows as soon as conditions change. Then, around 10 years later, they realize that there is no Holy Grail. They then come back to the simple methodology they started with and grind it out. 2. Those who start during mediocre conditions and wonder if they'll ever make a buck consistently but hang in there until conditions improve. And when conditions do improve, they know that they won't last forever so it doesn't go to their head. So, if you started last year and are still here, congratulations! You might have just shaved 9 years off of your learning curve."
- Dave Landry
PS Last year was a very humiliating year because nothing worked as expected. Last year not to lose money was a wonderful thing. Eventually the markets would be easier to read and the people who stay the course would profit from it.
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