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Showing posts from December 4, 2007

LESSON to LISTEN

Buy that which is showing strenth - sell that is showing weakness. The Public continues to buy when prices have fallen. The professional buys because prices have rallied. This difference may not sound logical, but buying strength works. The rule of survival is not to "buy low, sell high", but to "buy higher and sell higher". Furthermore, when comparing varius stocks within a group, buy only the strongest and sell the weakest. When putting a trade, enter it as if it has the potential to be the biggest trade of the year. Don't enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade. Be patient. If a trade is missed, wait for a correction to occur before putting the trade on. Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected . Be patient. The old adage that "you never go broke taking a profit