Follow the trend for profitable investing
- The trend is your friend. Always trade in the direction of the trend
- Add more positions only if current position is profitable
- Never buy or sell just because the price is low or high
- Never average a loss or hedge a losing position
- Always use stop loss orders. Never cancel a stop loss after you have placed it
- When in doubt, get out, and don't get in when in doubt
- Be willing to make money from both sides of the market
- Never change your position without a good reason
- Avoid trading after long periods of success or failure
- Don't try to guess OR time the tops or bottoms. It never works!
When you lose, don't blame your luck!
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