Lessons in Trading

Excellent repost which amounts to a comprehensive summary on trading:

http://brokermandaniel.wordpress.com/a-must-read-for-every-serious-private-investor/

It supports the lesson I had learned and forgot which is the importance of patience and the power of time to mend a crashed share price. I trade commodities not shares so it is a little bit different since the underlying commodity actually exists (if you believe the ETF copy) and so will always have future demand. Shares on the other hand can become worthless when a company folds and I comprehend the drive to research companies before investment now. Given that commodities will always experience future demand (unless underlying technology changes) it leads to the type of thinking i have gone for which is the total technical trading of charts without much concern for news. Should be bullish for all comms as China's economy grows so its a no brainer really. But it is so true that we over trade and as a result my portfolio is 30% down where as if I had retained my original trade in PHGP gold EFT in 2008 it would be 69% up!! Is that lesson learned or what!