My friend Melvin always tells me its great to make money  no matter how little you make. I think that’s partially true.

The number 1 rule is not to lose money. The number 2 rule is not to forget the first rule.

I would like to add another permutation to this.

What matters is how much money you are invested in a good trade and how much little money you are invested in a bad trade.

Don’t understand this? Perhaps this case study is best.

Noble Group

I got invested in this at $1.70 when it corrected and I thought Noble was one of the well managed companies around with excellent investor relations. A supply chain commodities manager like this would do well.

Alas I made up to date 35% from this. I should be happy but I am not. Why? I only got 1000 bloody shares in there.

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