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Bravo. The 4 trading rules are very good and will help assure the long term survival of the average investor. Strict asset allocation saved my skin in 2008 and 2009, although it drew a lot of jeers from message board posters who preached 100% stock plus maximum leverage.
Sep 04 23:18 pm
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All Comments by bear_mkt »UNG Trading 101 [View article]
The rule about maximum position limits is good for the average investor, too. I read a book on the "secrets of Warren Buffet and George Soros." It advised making huge bets on perceived "winners" as the road to untold wealth. I suspect the real-world outcome of that advice is 1 or 2 more Soros/Buffets in the world and a large number of retirees visiting the local soup kitchen. But that's just my opinion.