Good article for potential investors, from the Motley Fool site:


My name is Alun and I'm a shortaholic

A sample:
"It wasn't for eighteen months that I started to get really cocky and rack up some choke-on-your-Dom Perignon size losses. I still didn't learn my lesson until mid 2006. My absolute conviction that the UK housing market was cracking (and not in a good way) led me to keep increasing my already very large short on Countrywide estate agents."

nice find,thats a good piece.it's funny,I remember reading a book on tradign and he said it took about ten years the hard way before you really began to understand and appreciate the nature and irrationality of markets.

one great post by jonpo soemwhere in this sub forum mentions the pointlessness of trying to surf against the waves,which is a beautiful analogy.

After about ten years,I have learned many lessons and hope that the ones coming don't cost as much.