Quote:
Originally Posted by KCUnited
Preach, Coach
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Honestly I just hope this helps someone. People will get burned by just guessing. A stock looks like a good purchase, until it's not. A stock will "rebound," until it doesn't. These are things people do to convince themselves they are right after purchasing stocks. You really have to avoid all of that for trading and buying individual stocks.
I hope you read that book. It's definitely a great read and I base most of my trading around those techniques. It's nice to know your capital/account value won't take a beating in a down turn, because you play with rules and have a set plan.
I also just rebalanced my 401k and ROTH IRA which are in straight mutual funds and index funds. There's no reason to try and manage your entire investment portfolio either. Please don't confuse what I post here about trading, while ignoring the benefits of passive investing over decades. Wealth is built in the compounding interest of passive investing too.