1. You Must Have a Game Plan
2. You Should Follow the Game Plan
3. Always Trade With a Stop Loss
4. Diversify Your Trades
5. Trade the Big Moves While Filtering Out the Small
6. Trade With the Overall Trend
7. Do Not Listen to the News; Only the Market
8. Don’t Listen to Your Broker.
9. Have Money Management Rules
10. Most Important: Have the Discipline to Follow the Rules
Speculator: One who bought stocks that went down
“Always make a total effort, even when the odds are against you.”
A business man was interviewing applicants for the position of divisional manager. He devised a test to select the most suitable person for the job. He asked each applicant, “What is two and two?”
The first interviewee was a journalist. His answer was “Twenty-two.”
The second applicant was an engineer. He pulled out a slide rule and showed the answer to be between 3.999 and 4.001.
The next person was a lawyer. He stated that in the case of Jenkins v Brown, two and two was proven to be four.
The last applicant was an accountant. The business man asked him, “How much is two and two?” The accountant got up from his chair, went over to the door and closed it then came back and sat down. He leaned across the desk and said in a low voice…“How much do you want it to be?”
“Life should not be a journey to the grave With the intention of arriving in a well preserved body But rather to skid in sideways, champagne in one hand, Strawberries in the other, body thoroughly used up, Totally worn out and screaming, WOO HOO! What a Ride!”