2 replies to this topic

[Rogerdodger]

Mike turner, Turnertrends.com has a list and explanation of 10 Must Follow Rules.

Mike's 10 Must Follow Rules for Consistent Profits in the Stock Market

• Think Like a Fundamentalist
• Avoid Expensive Stocks
• Trade Like a Technician
• The Money Rule
• Never Marry a Stock
• Watch for Insider Buying
• Institutional Ownership
• Diversification
• Asset Allocation
• Timing the Market

[Vector]

I see "religious bears" breaking rule #8 all the time. Ironic, that in an effort to protect themselves from financial catastrophe they impose it on themselves and in worse order. #9 and #5. I have so many "children" in my portfolio I don't have the time to dote on any one of them. Its a great trick to prevent yourself from becoming married, obsessive, or over-reactive to a normal +/- move in any one stock position. You're just too busy to be emotional and fusy.

Edited by Vector, 30 December 2006 - 08:47 PM.

[selecto]

Buffet only needs 2: Rule No 1: Never lose money. Rule No 2: Never forget rule No.1.

Edited by selecto, 31 December 2006 - 12:43 AM.