concludes the Introduction to Technical Analysis.
I suggest you refer to Section Two while you
continue to explore this exciting and potentially
fitting conclusion to an introduction on technical
analysis is a list of lessons I have learned,
both from others and the hard way.
compound your losses by averaging down (i.e.,
don't keep buying additional shares at lower
prices). It is tempting to think that a
loss "doesn't count" until the
position is closed--but it does!
you own a security, ask yourself if you
would buy it today. If you wouldn't buy
it, you should consider selling it.
get distracted by others' investment prowess.
Most investors only discuss their successes,
threatening your focus and confidence.
investments aren't made with Ouija boards,
they are made using logical approaches that
minimize risks and maximize opportunities.
the basics. Most investors spend their time
looking for easy money (which is not an
easy search) instead of learning the key
factors to security prices--supply and demand.
flit by while we sit regretting the chances
we have lost..."
- Jerome K. Jerome, 1889