At times we need a re-fresher course to help us stay focused on our goals. My purpose of having this blog is to offer advice and insight to anyone who might want it (and who doesn’t need help at times). I just wanted to give a few more things to remember while you trade.
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The best hot tip: there is no such thing as a hot tip.
I’ve said it before and I’ll say it again. Anyone with any “inside information” on a company wouldn’t be telling you. Remember what happened to Martha Stewart.
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Don’t fall in love with your stock; it won’t fall in love with you.
That pretty much says it all. You can not involve your emotions in your trades. The old saying comes to mind when I look into a company, “love is blind”.
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Never throw good money after bad investments (don’t buy more of a loser).
This part is quite easy when you keep your emotions out of the equation. As long as you do your research each week (at least 1 hour per company per week)

Bear-market rallies are violent; giving the illusion the bull is back.
Just look at what going on right now. I usually pull back and sit more money on the sidelines during a bear market.
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Bear markets begin in good times. Bull markets begin in bad times.
One of the other reasons that I’m sitting out right now is because we’re not done with the bears yet. When it gets a little worse (which it will) then I’ll start building my position in the companies that I’ve been watching during this period.
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I hope these tips (and these should be the only type of tips you should take) are helpful to you.
Happy trading.

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