Robert Wehmeyer asked 7 years ago
Pat Walker Staff answered 7 years ago
Hello Robert,
I think we addressed this in-depth on the Twitter site. If you follow the rules, focus on the BEST clean & simple chart patterns, (longer base breakouts), and Limit Losses you should at least double or triple your account every year. I stress: you must be willing to sell some into strength. You must be willing to Limit Losses quickly. You must be able to let trends work for you.
You must be willing to sit for extended times and do nothing. In crummy markets I may sit for weeks/months and do very little. SMALL DRAWDOWNS. A string of small losses tells me to Stop. So, I STOP.
I supported of family of 6 for 17 years just from investing profits. No salaries. No commissions. No fees. And my wife was a stay-at-home mom raising 4 kids. Also, no inheritance funds or trust funds. Just grinding it out in the markets. I'm very serious about this. Why? Because I had to be.
I focus on the best of the best. I'm a student of Bill O'neil, Marty Zweig, Ed Seykota. Met all three of them. I turn off the noise and scan for great stocks.
Hope this helps.
Happy New Year to you and your family!
Sincerely,
Pat
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