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then falls to 85 — that it has to go back up for us to consider selling it. Wrong! Unload that turkey and look for something else. Which leads to:
7. Nobody ever went broke taking a profit: You’re trying to survive in shark-infested waters. You’ve bought wisely and your stock or mutual fund is up a significant, amount 2530 percent or more. Now it seems to be losing its steam. You sell it and then watch it take off again.
“I only made 5 grand, when I could have made 10,” you lament. That idea haunts you, and the next time you’re in the same situation, you hold on and watch your stock turn around and head south, wiping out your prdf^pnd some of your principal as well.
Now you’re shell-shocked and can’t begin to make rational investment decisions. Don’t be embarrassed to take a nice profit when you have the chance. Profits are the name of this game. Which leads us to:
6. Cut your losses and let your
94.2%