Entry

Process versus outcome: Do you wantto be right or rich?

“You really have no control over the results; you have control over the action.”

To live that statement means accepting certain truths. For example, you might want to imagine that there is a miraculously perfect entry price where you buy low. The real world doesn’t work that way. Great trend traders have not made their fortunes that way.

Look at a nontrading example. I bought an investment property in Spring 2003 for $900,000. In January 2008, it was assessed at $1.2 million, and it was put on the market at $1.3 million. Obviously, things ...

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