RE: Beginners Questions
(2013-04-22, 01:24 PM)Beaches Wrote: My question isn't about technical analysis or how to do something. It is more of a touchy feely question. I am having trouble setting aside the daily time to put into working this system with all you dedicated folks. Presently, I am willing to commit to 2 hours a day/365 days a year on this endeavor. Some days even more if time permits. It just doesn't seem to happen. What works for you investors that are doing this daily? Do you work the same time everyday like a job? Do you split it up and do some in morning and some at night? What type of schedule do you investing junkies find works best? I have the time, interest, and a wonderful opportunity to interact here with like minded folks. I just cant seem to get on a schedule that works. Hope this doesn't sound like a whiny question. Looking forward to see what works for others.
Beaches
I think it's a good question to ask and would be interesting to know how other people fit it into their days. For me personally, I decided a few years back after reading the book a few times that I wanted to dedicate a fair bit of time to study the method in more detail as my working theory was that a method that has worked for over 25 years and is still used today by institutional investors that pay around $60k a year for Weinsteins services must have something to it. So I've approached it like studying for a part time degree and have worked it around my normal work day. Working from home helps me immensely, as I break my day up between my normal design work and studying the method. But obviously someone else could learn it more gradually a few evenings a week or by dedicating some time each week at the weekend. Especially with the additional info that we've come across through the various threads over these last few years.
I also think it very much depends on your investing timescale. i.e. I think for someone such as yourself that wants to learn the method, but can't find the time, would do much better to ignore the trader method and only pursue learning the investor method. As that way you can gradually create a long term portfolio which you can monitor around once a week and can ignore all the daily gyrations in the stock market. Weinsteins approach is most suited to the investor method anyway, as he's regularly said that the long term is a 10 on the Richter scale and the short term is only a 2 on the Richter scale. But he does both for his clients as they demand the short term picks.
So everyone will learn at a different pace, but my hope is that if we can create a focused community on here then we can all help each other to be better - a kind of crowdsourcing if you like.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.