Adrian Reid delivers personal-finance and trading advice emphasizing personal responsibility for money management: no one cares about your money more than you, so you must learn, take control, and act. Reid advocates longer-term trading over short-term/day trading, arguing it reduces stress, allows smaller positions and broader diversification, and prevents rapid compounding of mistakes while learning.
No one cares about your money more than you do. That fund manager who you give your money to, they don't care. All they want is to hold your money so they can collect fees. No one else cares about your money more than you. So if you want to make it, if you want to make it to your trading goals, you achieve your wealth goals. You've got to take control, learn how to do it and take action. You can't sit around passively. No one else is going to do it for you. The third secret is longer term thinking. Most people come to the markets thinking that they want to day trade or trade very short term. People start by looking at 5 minute bars or 30 minute bars because they're worried about the risk. They don't want to hold too long because they don't lose money. But by trading short term, it's often death by a thousand cuts. If you trade longer term, you can take smaller positions, diversify more broadly, have far less time, effort and stress to generate your trading results. And mistakes don't compound on themselves so quickly, particularly when you're learning.
