Do's and Do Nots of Successful Investing

Here is a great list of the right and wrong in the world of investing.
There are many more, but these are what I think the most important.
Feel free to add to the list, I am going to make it a permanent part of the Blog!


1) Buy and hold doesn't always work.
2) Cut your losers, and let your winners ride.
3) Don't fight "the tape" (the trend).
4) Don't fall in love with your stock; it won't fall in love with you.
5) Don't have more than 5% at risk in any one position.
6) When a stock hits a new high, it's not time to sell. Something is going right.
7) Not selling a stock for a gain, simply because the taxes, is a bad idea.
8) When all you're left with is hope, get out.
9) Have patience and stick with your discipline.
10) You can learn more from your bad moves than your good.
11) Real estate cycles are not the same as stock market cycles.
12) Neglected sectors often turn out to offer good values.
13) There's usually only one reason corporate insiders buy stock.
14) Don't miss a good one by being too concerned with the exact price you pay.
15) Try to buy a stock when it has few friends.
16) Be patient: don't be rattled by fluctuations.