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Saturday, August 7, 2010

Week in Review: Dan IS Wrong (PODCAST)

"The professional trader is not concerned with proving his thesis correct in the markets. Professional traders are wrong all the time. The trick, is knowing ... how ... to be wrong." - Personal Mantra

Welcome to the Week in Week in Review podcast!

As I review the capital markets this week, I want to talk about incorrect market ideas I've had. Because too often, new traders are taught and given the impression that profitable traders are traders who are always 'correct' in their market calls.

That is simply not the case, as I hope to relate in the following podcast. I also discuss inflation and deflation towards the end of podcast ...

(Podcast Included. If you're seeing this entry elsewhere and cannot play the podcast? Click this link to go to the exact podcast entry ...)

Click here to download this podcast.

Ugh, around 26 minutes, it gets a little rough for about one minute twenty seconds. It clears up after that. I think it was the podbean upload ...

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 14 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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