That Dreaded Year: 1994

That dreaded year, 1994, is coming back to everyone who has been at this game for a while. That was a year in which very few people could make any money in the market. It was a year when a lot of really smart people got knocked out of the business for good. It was a frustrating, intimidating year where very little made sense and people were losing fortunes on individual trades.

I remember that year well. Karen and I had been trading out of our country place on some Thursdays and every Friday. Until the middle of the year. It was just too brutal for anyone but hardcore followers. I was being too much of a dilettante trying to trade from a garden shed.

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