I never used another man's advice until I studied the stock for myself.
I never bought a stock I didn't study first.
I never listened to rumors.
I never sold when the market went into a panic.
I never bought based on what the public is doing.
A stock can move extraordinarily fast, whether it is a good or a bad stock.
If my stocks are not among top ten in their market, at least occasionally,
the stock needs to be re-evaluated.
No stocks under fifteen dollars, in my main trading account.
No stocks not performing at least 12 percent a month.
No exchange traded funds performing under 25% a year.
U.S. Stocks, when determining performance, are discounted according to the performance of the dollar.
Right now, around 60%.
Foreign stocks are adjusted up, according to the value of he countrie's
currency.
Dividends or stock splits are considered only in the overall performance of a stock and not the main factor in whether to own a stock.
Whether for growth or for retirement, I hold the stock until it no longer performs adequately--I have sold and returned to favorite stocks
when they are performing well again.
Maintain a small, separate account for rapid in and out trading to capture stocks with potential for quick gains, such as a stock that
outperforms earnings projections.
It is well to know everything you can about each stock you own, including fundamentals and sector and the reason for owning it.
Keep trading costs down. Use discount brokers and do your own research. There are several free services that provide information about markets and sectors on a daily basis. Scottrade has the top ten
lists, charts for fundamentals and comparison, and tax ready forms, as well as the use of money service.
