I'm sure there are some pretty bad teachers out there but the stock market has to be one of the worst.
To get into "stock market school" you don't have to apply to be accepted and anyone can attend. You just open an account online, transfer in some cash and you can buy and sell with no plan, trade without stops, buy the hottest inverse or 3 times leveraged ETF, pick bottoms and tops and you might actually make money.
This is why the stock market is a horrible teacher.
“I just wait until there is money lying in the corner and all I have to do is go over there and pick it up. I do nothing in the meantime.” - Jim Rogers
I’ve read a lot of books on trading and investing. There's no shortage of famous sayings but the above quote resonates with me because patience has been the hardest thing for me to learn. If I would’ve taken this quote to heart and incorporated it into my trading psyche, I would have saved myself a lot of money and more importantly a ton of time.
By the time you read this the price of Bitcoin could be $20,000 or $10,000 your guess is as good as mine...
In the much more tangible space of oil and gas it seems that very few are interested in putting money to work in this sector. Maybe it's just a sign of the times as the blockchain and crypto space are getting all the attention these days