Pallian Creative

Is Stock Trading For Everyone?

I’m a gambler - I like taking big risks and 90% of the time, my gut instincts have been right. But for some odd reason, I’m having absolutely no luck when it comes to trading stocks. In spite of having TIM right next to me giving me unlimited stock advice, I tend to ignore his rules and trade stocks that are not even on his radar. And as expected - I end up losing big. Why is it that I’m trading so erratically? Am I a victim of the Erratic Trading Syndrome (I just made this up - don’t google it!)? It got me thinking - is stock trading for everyone? Am I the 99% of so called traders who lose money consistently in the markets? Have I become a statistic?

I enjoy going to the casinos - 90% of the time I make money on the blackjack table. My girlfriend, on the other hand, hates the casino. So the one time that I did take her to one, I sat on a table and walked out doubling my money in 2 hands of blackjack. She was still not impressed. But now, I’m applying my same gambling instincts to the stock market and it’s just not working. I bought 50 shares of RIMM at $66 when I thought it hit the bottom - and look at it today ($57)! I bought 200 shares of MS at $22 thinking that was the bottom - and look at it now ($18). I’m not sure why I even play these big stocks - none of them have made me any kind of money - ever. Today I shorted MKTS after listening to Tim’s alerts and I finally made some money.

So - should I be listening to Tim from now on and forget all my gambling habits when it comes to trading? I guess I will find out on friday - Tim is scheduled for a full day 9 hour seminar in Vancouver over at a hip conference facility in Yaletown. If you’re like me and not sure why you’re losing money in the markets, I suggest you come down and learn a thing or two from a guy who’s consistently made money in the market (up 107% this year alone).

Tim’s going to be in Vancouver for a few extra days as well - we have a meeting set up with the famous John Chow thursday night and will be shooting additional footage for TIMraw all throughout the weekend at various Vancouver locations. If you’re from Vancouver and want to come say hi - shoot me an email.

Hopefully my next trading related blog post will have a big green arrow besides it to show I’ve finally made some money in the market.