Unless you know the transaction thatyou are going to make is financially safe, otherwise, never make any transaction.

The dilemma faced by inexperienced speculators is thattheyoften pay too much for each transaction. Why? That’s becauseeveryone wants to make a deal. It's inhumane to pay too much for every deal. People always want to buy at the lowest price and sell at the highest price.You need to have a peaceful mind, neverfight with the facts, neverkeep hope when there is none, neverfight with the ticker, because the tickeris always right - there is no spaceforhope, surmise, fear, greed emotion in speculation.

Finally, when speculators buy stocks, they should buy them several different times and only buy a certain proportion each time.

If I buy a stockthat I like under some circumstances, but it doesn't perform as I wished, that's enough evidence for me to sell the stock.

I bring upmy 10% Rule - if I lose more than 10% in a trade, I'll sell it immediately.

I'll sell it instinctively. In fact, it's not instinct, but sub-consciousness that I accumulated through years of fighting in the stock market. You have to obey your own rules - don't cheat yourself, don't delay, don't wait! My principle is never tolet the loss exceed 10% of the capital.