Appreciation post: The old broker who corrected my stop loss at a diner in Omaha

2 comments

2 Comments

Honestly, that napkin story hits close to home. I remember a guy named Frank who used to trade crude oil futures out of a truck stop diner in Tulsa. He drew two parallel lines on a receipt one time and said, "Son, all the news in the world don't matter once you got your floors and ceilings set." He was right too. I still keep a crumpled copy of that receipt in my glove box as a reminder to trust the chart over the chatter. It's funny how the simplest strategies from random strangers stick with you way more than any fancy webinar.

faithj105d ago

I remember a nickel miner in Vancouver who pulled me aside at a coffee shop and showed me his simple exit strategy on a napkin. He drew a few support lines and told me to ignore the news, just trust the levels I set. That napkin changed how I handle my trades, has anyone had a moment like that?