Keith,
I will be happy to share my rules of investing with you. Don't know if it is quite what you are looking for, but it has worked for me so far.
First of all, let me start off my offering my deepest sympathy to the people who live in your town. I think all of America was saddened by what happened there, but especially those of us with children. May God give you all the strength to put this behind you and move on.
Now, with that said and done, here are the rules I go by:
1) Recognize the difference between investing and trading.
2) If investing, be able to give concrete reasons why you are in a stock. If you cannot answer specific questions about the company, you shouldn't be holding it long.
3) Familiarize yourself with BTS and implement it.
4) Catagorize a stock, and be able to change categories immediately. ( Of course, understand that each category has its own set of rules.
5) Do your own DD. Rely on No One. Trust even fewer. If you have any doubts, don't do it.
6) Don't be afraid to take your profits, and don't be afraid to average down.
7) The Golden Rule, as quoted by GaBard..."Trade based on what is right for you, not on what others say or do"
Helps me anyway.
:-)
Binder |
