|
6-29-04
Jun 29, 2004 23:48:19 GMT -5
Post by Admin on Jun 29, 2004 23:48:19 GMT -5
Any off the shelf trading manual will give you the same advice. Pick 10 good stocks, set your stop loss @ 10% across the board and you never risk more than 1% of your total investment capital on any one equity. Not bad advice. I prefer a trailing stop as it locks in your profit on the way up. Once a stock appreciates 10% you can then set a stop loss at what you paid for the stock and as long as you own the stock you will never lose money on it. Build a portfolio of 10 solid companies using this formula and after a little trial and error, you can walk away from the computer and spend some quality time with God, your family or even yourself. Why? Because you can't LOSE any money. Like I said last night, making money is great, not losing it is imperative.
AUG-TKR-PTRY-AXR-TRAD-ATH
Blessings CT
|
|