Some traders play smart on low level stakes and scrape out a meager existence rather than go after that brass ring they have heard is out there. But lets face it not only do you need to have luck you also need to have an uncanny ability to know what the market wants before the market even knows themselves. This means you need to have your hand on the pulse of the market trends and be able to predict the swings in momentum and the pressure building towards the new direction you have already moved to.
We trade hard assets and resources but we also trade an opportunity at wealth. These companies may have their own hard assets but history has shown these can be squandered quite fast and thus wiping out any inherent value in those shares we just bought. The point I have tried to emphasize in this whole discussion is that some traders who don't have the ability to make all the right moves and predict the new trending markets should at least surround themselves by those who are doing it right. If you continually do an activity with someone worse than you at the same activity you will never get better. Bad brokers hang out with bad brokers. Bankers who mismanage funds probably hang out with the same loser type personalities.
I am not saying everything will rub off on you or that you will instantly be transformed but hey what's wrong with following a leader if he always gets you across the goal line? I have met hundreds if not thousands of investors over the years on line and in person and I made sure to keep in touch with the ones I knew were always in the money on the latest trends. I love putting the puck in the net and walking away from a deal knowing I made the right move and increased my portfolio at the same time. I don't know if I am one of those traders but I sure follow a lot of winning traders and brokers.
This philosophy extends to company management as well and winning CEO's tend to attract a lot of deep pockets and a lot of action junkies waiting for the party to start. I have had the pleasure of meeting a lot of CEO's but must admit there are not many that make it past the first round of scrutiny. For those that do; I sometimes find myself on a winning run only to see the most unprofessional moves made that force me to rethink my holdings. I don't have the luxury of just living with corporate mistakes. I have to keep a close eye on the ball and if a CEO has a habit of dropping the ball I tend to go play somewhere else. If you are good you probably have just as many friends as you have haters. I know in Vancouver there is a direct relationship to certain social circles based on your net worth. Just as equally driven is a crowd that stands on the sidelines and cheer for your failure. I know this does not make any sense but believe me the haters are out there. Maybe they lost it all on a junior gold or they squandered it on Nortel at the high, either way they hide in the shadows watching the winners in hopes they fall from grace. For this very reason I know that my mentors in the markets are not everyone's hero and may even be hated by many, but in the end they made me who I am today and I think I have enjoyed some success.
You can't go through the Vancouver trading circle and not know the name Keir Reynolds. The guy is in the who's who of making money on several fronts. http://www.theglobeandmail.com/globe-investor/investment-ideas/meet-a-man-who-loves-small-caps/article4290024/
From the Mezzi web site:
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Mezzi plans on several collaborated designs that suit even the most discerning buyer in North America and product is now shipping out for Christmas. The new web site is attracting a lot of attention and many took advantage of Black Friday specials.
You can check out Mezzi on line and read through some of the recent news items or better yet go through the products on the site. It's time to get on that Christmas wish list before the stock is all gone!! Mezzi Home Page
CONTENT POSTED ON THIS BLOG DOES NOT CONSTITUTE A BUY OR SELL RECOMMENDATION. MANY OF THE COMPANIES PROFILED HERE I AM NOT INVESTED IN AND DO NOT INTEND TO INVEST IN. THESE ARE MERELY MY THOUGHTS ON MARKET CONDITIONS AND STOCK VALUATIONS. INVESTING IN THE STOCK MARKET CAN BE VERY RISKY AND YOU SHOULD ALWAYS CONSULT AN INVESTMENT PROFESSIONAL BEFORE MAKING ANY DECISIONS. ULTIMATELY YOU ARE RESPONSIBLE FOR CONDUCTING YOUR OWN DUE DILIGENCE AND PROTECTING YOUR MONEY.