Tonight I interviewed Mike Swanson from WallStreetWindow. He talks about what kind of trader he is and the lessons he has learned over the years. He willingly shares quite a few interesting war stories from the Internet boom period. According to Mike this is what new and struggling traders need to pay attention to:
- Time frame / holding period
- Entire stock market valuation
- Risk control / portfolio management
One stock Mike likes right now is Gazprom. Here is a long-term monthly chart of Gazprom listed in Frankfurt, Germany:
There is a big difference between knowing what needs to be done and doing what needs to be done.