###A question we should all ask Tex is:
Why is he still running his own steel business (that's valued at $2.5 million) if you're such a good trader or judge of companies on the ASX?###
At the end of 2007 I will be a full time trader.
My business has only turned into a serious cash cow in the last 3 years.
In 18 months time I will have zero debt and a large pool of cash to follow my passion, and fund my retirement.
You don't just wake up one morning and say "hey I'm rich I think I'll sell out and do something else". You put a plan into place and follow it through.
Plus I have obligations to my clients and employees, that need to be wound down.
I have no intention of trying get rich by investing on the stock market, that is a fools paradise.
A person that trades for a living must have very strict rules, and the objective is to make a comfortable living whilst protecting your capital at all costs.
I have always said that BQT is one to trade but not to prosper, conflicting views are what makes a market.
According to some (depending on what side of the fence you're on) If you buy you're a fool if you sell you're a fool, so I guess the market is just a pack of fools ;-)
The seasoned trader is a person that has plenty of capital, plenty of patience, and an undeniable love of fools.
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