Saturday, July 3, 2010

Friday's selloff at the close......


I have a list of rules that were given to me many years ago by my mentor and periodically i take the time to read through them. The negative activity at the close, although predictable, brought to mind one very important rule...

45. YOU CANNOT PERFORM VERY WELL FOR VERY LONG WITH YOUR SHOES NAILED TO THE FLOOR. IN TRADING AS IN FENCING THERE ARE THE QUICK AND THE DEAD.

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