The Market Taught Me That...... Message Board

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Strategies & Market Trends : The Market Taught Me That......

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To: Tom Trader who wrote (51)	11/6/1997 9:11:00 PM
From: Cynic 2005	Read Replies (2) of 151

Tom, the more I hear from you, the more I am realizing that we have a few common rules. The biggest difference between you and me - unlike you, my motto is this: "take my advice, I don't use it!" -g- My first rule - preserve the capital, a rule I some times ignored and paid hefty penalties. Second, cut losses early and take profits slowly! Today, I implemented these and got out of a major portion of my AOL puts for a slight loss. The stock tanked after hours. But I have no regrets. Rule is a rule. Another extension of the rule you mentioned is that don't over-trade, especially if you play a contrarian game. That could kill you. Good luck! -Mohan

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