If you’re going to be active in the market, you’ve got to have an approach that fits you in terms of personality, objectives, and lifestyle. If you are hyperactive, want lots of action sort of person, you can’t buy and hold for ten years, since you’ll be bored out of your mind, sabotage it, and similar for the opposite.

Objectives are like, “I want to spend 20 minutes a day doing this so that I can have the rest of my free time.” If that’s your objective, you can’t trade a strategy that you have to look at the charts all day because it doesn’t meet your objectives. Similarly, objectives in terms of return and the risk has to meet your objectives.