Cancelled IBD, am now trading less.

by James & Miel on November 25, 2006 · 0 comments

A while back, I was having some trouble daytrading too much. One solution that I came up with was to cancel my subscription to the Investors Business Daily. IBD is a great newspaper, but every morning I’d obsess about the latest hot stocks on the subway. I found that the temptation was too much and I was acting without having adequately thought through my decisions. To make a long story short, I cancelled my subscription a few weeks ago, and I’ve been trading a LOT less.

For example, in September I made 9 trades. In October I made 12. As far as November goes, I’ve only made 2. Hopefully, I won’t have to make too many more. After all, a buy and hold strategy only works if you actually buy and hold.

Have a great Saturday and don’t trade too much!

Best,

James

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