Feb 18, 2008
Long term secret to short term trading
Whether you know it or not, you have been trading commodities all your life. Sure, you may have never traded a contract of Pork Bellies, but you have almost certainly traded a possession like a car, house,or antique for someone else's money or possession. If you have never done that, for sure you have traded time for money.
You have traded your time as a teacher, lawyer, pipe fitter, or ditchdigger for someone
else's money. So, you are halfway there. you just never knew it!
When we trade our time, we are actually trading our time plus our skills.
That is why a brain surgeon gets more per hour than a knee surgeon. That is also why an outstanding quarterback gets more than a tackle and surgeon combined. He has a greater career risk. It is not that one skill is inherently more valuable than the other, it is that one is more difficult to come by and carries higher risk. This characteristic generates more dollars for the person selling his or her time and skills...
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Stock/Option
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