There’s a phrase I like to use. “If you’ve learned nothing from history well, you’ve learned nothing.”
Let’s call this the extra boiled down Readers Digest version.
My grandfather was a floor trader at the now CBOE until my sophomore year in high school. It was his 20+ years in the business that to be frank gave me an edge. He understood how the market fluctuated and why they do what they do and how to spot, many times years in advance what they do. He did call the 70s decline a year before it started to within a month. I had no clue then how he did it but what an eye opening experience there was to follow.
I started paper trading in the late 60s while still in high school. In Jan. 71 I made my first trade. Almost lost my hinder on it too.
In the mid 70s I had worked my way to shop manager in a marina I worked for. Shortly after getting my new office I started putting up charts on the wall with 3 & 6 month projections. At first it was done more to keep myself in check. After a couple years people having noticed those projection charts things developed into a million questions.
By mid 79 I had my own store and the charts followed. Pretty soon we were having monthly meetings in the show room. After I sold my business in 96 I went into the market full time about 6 months later. What surprised me was the following. It even got to the point we rented a local VFW hall once a year.
I moved out of state just before the 2000 dump started. I had sold everything related to the general market and wasn’t concerned about things so I had time to resettle etc. and cared less about S/T issues. The Internet was going good by then so the fax machine and mailman lost a job. BTW was a cheese head and lived about 60 miles from where Johnny is now.
Anyway it all got started from a small office in the middle of a marina with freezer paper for wall charts. BTW I still do most of my long term projection charts by hand.
More to follow when I get a break.
Let’s call this the extra boiled down Readers Digest version.
My grandfather was a floor trader at the now CBOE until my sophomore year in high school. It was his 20+ years in the business that to be frank gave me an edge. He understood how the market fluctuated and why they do what they do and how to spot, many times years in advance what they do. He did call the 70s decline a year before it started to within a month. I had no clue then how he did it but what an eye opening experience there was to follow.
I started paper trading in the late 60s while still in high school. In Jan. 71 I made my first trade. Almost lost my hinder on it too.
In the mid 70s I had worked my way to shop manager in a marina I worked for. Shortly after getting my new office I started putting up charts on the wall with 3 & 6 month projections. At first it was done more to keep myself in check. After a couple years people having noticed those projection charts things developed into a million questions.
By mid 79 I had my own store and the charts followed. Pretty soon we were having monthly meetings in the show room. After I sold my business in 96 I went into the market full time about 6 months later. What surprised me was the following. It even got to the point we rented a local VFW hall once a year.
I moved out of state just before the 2000 dump started. I had sold everything related to the general market and wasn’t concerned about things so I had time to resettle etc. and cared less about S/T issues. The Internet was going good by then so the fax machine and mailman lost a job. BTW was a cheese head and lived about 60 miles from where Johnny is now.
Anyway it all got started from a small office in the middle of a marina with freezer paper for wall charts. BTW I still do most of my long term projection charts by hand.
More to follow when I get a break.
