Monday, November 08, 2004

My Principles of Money Management

1.-I don't know what's going to happen next.
2.-When I think I know something, I can always be wrong.
3.-What matters is not how right I am, or how good my BS sounds, but ONLY what I take home in the end. (Its all about the Benjamins.)
4.-The market nearly always proves the majority of participants to be wrong.
5.-It may be "different this time" but not necessarily in the way you think it is.
6.-Trends remain in place until they reverse.
7.-Buy when support is held, sell when support is broken.
8.-Keep track of the timeframe.
9.-I won't use that "we" or "us" crap; *I* am responsible for *me*.

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