1. Never buy or sell a stock without checking the chart.
2. Never buy a stock when good news comes out, especially if the chart shows a significant advance prior to the news release.
3. Never buy a stock because it appears cheap after gettig smashed.
when it sells off further, you'll find out that cheap can become far cheaper.
4.Never buy a stock in a downtrend on the chart.
5. Never hold a stock that is in a downtred no matter how low the
price/earning ratio. Many weeks later and several points lower,you'll find out why the stock was going down.
6.Always be consistent.If you find that you're sometimes buying , sometimes selling in practically identical situations, then there
is something terribly wrong with your discipline.
-------------Stan Wensteins
2. Never buy a stock when good news comes out, especially if the chart shows a significant advance prior to the news release.
3. Never buy a stock because it appears cheap after gettig smashed.
when it sells off further, you'll find out that cheap can become far cheaper.
4.Never buy a stock in a downtrend on the chart.
5. Never hold a stock that is in a downtred no matter how low the
price/earning ratio. Many weeks later and several points lower,you'll find out why the stock was going down.
6.Always be consistent.If you find that you're sometimes buying , sometimes selling in practically identical situations, then there
is something terribly wrong with your discipline.
-------------Stan Wensteins