Do you feel you are getting better as a trader?
Yes. If you try to learn from every single trade that you make, you are only going to get better and better as
time goes on.
Why are you so much more successful than the typical stock investor?
Because I am doing something that I love to do and find fascinating. After eight or nine hours at work, I go
home and spend more time on the markets. I have the charts delivered to me on Saturdays, and I go through them
for three or four hours on Sunday. I think if you love what you are doing, you are going to be a lot more successful.
A lot of people who invest use their spare time to study the market and still have only mediocre, or
even losing, results.
That is probably because they have not found a disciplined system for picking stocks. They read an article and
say, "That sounds like a good stock, I'll buy it." Or they buy a stock because their broker recommends it.
What advice would you give the novice trader?
The single most important advice I can give anybody is: Learn from your mistakes. That is the only way to
become a successful trader.
Any final comments?
The greatest thing about the market is that it is always fun to be looking for that next big winner—trying to
find the stock with all the characteristics that are going to make it have a big move. The feeling isn't any different
now than when I was only trading 500 shares. There is still the same satisfaction of knowing you found a stock before
it made its big move.
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