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To: Horgad who wrote (356437)2/5/2008 2:00:42 PM
From: LTK007  Read Replies (2) | Respond to of 436258
 
Why i guarantee i will get eventually banned from this thread, as I hate "teenybopper mentality" of being in awe of messagebroad GURUs.
This a hint of why.

Match every right call with every double talk call or every clearly wrong call and see the whole picture reality , if not one falls into the ditch of "O wow! what a GURU. i will do what he does all the time!"


George Soros has pretty good money making record and also admits he is wrong wrong wrong his share of the time(that is called being HONEST, rarely done by GURUs)

He stated his single most important rule of trading/investing, some year ago, i will convey that #1 Rule.
BWTFDIK--right.

It does NOT matter if your are right or WRONG in investing/trading, what DOES matter is what you do when WRONG and what you do when you are RIGHT.
And that is you MUST always MINIMIZE losses when WRONG and MAXIMIZE profits when right.


SOROS also says if one takes one's own forecast as gospel you will be annihilated, one must constantly review and if needed revise. Max the NOT!Guru.