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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (11888)9/27/2008 1:29:01 PM
From: LTK0072 Recommendations  Respond to of 71456
 
Have no time at mo so in response i just quote the NUMBER #1 rule of trading for George Soros:(yes, his #1 rule:). And it is a rule i have forever remembered.
This i call as my "MaxNOT!Guru" post.This a copy and paste from older post
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i am here to debate, as i will ALWAYS be just posting my OWN inner arguments.

The Soros #1 Rule of trading/investing

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 forecasts as gospel you will be annihilated, ONE must constantly review and if needed revise. Max the NOT!Guru.