1.) Always buy companies you don't mind holding for a while.
2.) When markets plunge, you buy, just a little at a time.
3.) When markets soar, you sell, just a little at a time.
4.) Never sell for a loss, be patient, that's the reason for rule #1.
5.) Don't obsess over daily returns, leave that to the day traders that will be giving you their money.
6.) If you make a nice profit in 1 day, great, take your profit, but do not try to be a day trader.
7.) Don't worry about the market making sense, it doesn't make sense because it is manipulated. Be patient until it's manipulated in you favor.
Friday, January 29, 2010
at 12:05 AM