I'll start with what Kevi posted...* Take 30% of your profits...

I'll start with what Kevi posted...

* Take 30% of your profits from each trade off the table and turn it into cash. As for losses, wear it!

* If you buy a stock based on momentum and it stalls, then sell and move on. There are better opportunities out there!

* Never be scared to take a loss. Be proud of yourself that its a small one!

* Keep up to date on sector sentiment, and follow the bullish sectors. NEVER buy into a sector which is not the flavour of the month. (e.g. Base metals right now are offering the best opportunities IMHO. Dont go and buy gold stocks).

* Dont think your work is done when the market closes! The most important part of your job starts at 4:10pm.

I know I posted this already but hey...