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From Our Experience

The most important element of any trading system is THE TRADER. Concepts, indicators, techniques and strategies are good ONLY when they fit the personality and beliefs of the person using it.

There is no such thing as a "great" or "safe" stock. As William O'Neil says: "All stocks are bad, unless they go up"

"Cut your losses short and let your profits run" is more than an old Wall Street cliché. It is a core concept that every trader and investor should adopt. In his book, How to Make Money in Stocks, O'Neil addresses the first part of the concept when he insist that no one should let a stock goes more than 7-8% below the initial purchase price. In his selling rules, he addresses the second part of the concept. Van K. Tharp talks refers to this concept as a whole in his teachings about expectancy. All of the traders featured on Jack Schwager's book, Market Wizards, stretch the importance of taking losses quickly.