Friday, January 29, 2010

Crooked Markets


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.

2 comments:

Anonymous said...

Warren?

CNBC Human Resources said...

Is that you Maria?

 
Pinecone Stew