Investing to Win
Investment strategy focused on investments with strong preservation of capitol.
I believe winning in the investment game requires a big departure from the prevalent attitude of tryng to find the highest possible returns, despite the risks., from the prevalent APE in to anything to get rich, to a much more conservative attitude towards investment focused on preservation of capitol.
These are my rules for financial success when investing.
- Rule Number 1: Don't lose money
- Rule Number 2: Don't forget Rule Number 1
- Rule Number 3: Buy the dip,
- Rule Number 4: Dollar Cost Average into positions.
- Rule Number 5: Constantly track the value of your investments
- Rule Number 6: High probability of success trades are the norm
- Rule Number 7: Buy assets which appreciate and make income.
- Rule Number 8: Do your own research, because it's your money your risking, risk it based on your opinion, not the opinion of another.
Those are my rules, what are yours?
- I am a big believer in the adage, plan your trades and trade your plan.
- I don't think any trading rules or trading plans are valuable, unless you believe in them enough to execute them, as planned.
- I am executing my plan, and I admit that the plans I made when prices were much higher seemed much more comfortable then, then now.
- Buying in a bear market before the bottom is known, is like catching a falling knife.
- So I am buyng small increments at a time.
- Good luck.
