This is an interesting article..... enjoy.
1. An attempt at making a quick buck often leads to losing much of that buck.
- The people who suffer the worst losses are those who over-reach.
- If the investment sounds too good to be true, it is.
- The best hot tip I've found is "there is no such thing as a hot tip."
2. Don't let a small loss become large.
- Don't keep losing money just to "prove you are right."
- Never throw good money after bad (don't buy more of a loser).
- When all you're left with is hope, get out.
3. Cut your losers; let your winners ride.
- Avoid limited-upside, unlimited-downside investments.
- Don't fall in love with your investment; it won't fall in love with you.
4. A rising tide raises all ships, and ...
