Living in a city at the moment in Asia that lives off the...

Living in a city at the moment in Asia that lives off the tourist in many ways. The amount of Europeans I have meet recently that have lost large amounts of capital is telling me a story.

Things are not good. A friend of mine who earns good dollars selling luxury cars in Germany has packed his bags up and moved downstairs from me. He walked out of his business an just told me, he prefers to lose his money by not doing anything now, as when he was doing something, he was just losing more.

Sometimes it is best to do nothing. I use to over trade an the money I missed out on was staggering from not being patient.

Being patient sometimes is harder then working the market or a business.

I think it is a time to wait; much easier to get on a train then jump off one going at high speed. For once, not losing money is going to be what makes us money in the end. Good times will come again but not at my cost of not just being greedy.

Once burnt twice shy, third time lucky an fourth time eaten by the bears. Sounds a familiar story for over traders....