- Do not diversify broadly, instead focus on the leading stocks in the best industry groups.
- Cut any loss when the stock is down 7%/8% from your buy point.
- Buy stocks that are going up in value, not down.
- Add to a position as the stock goes up in value from your buy point not at lower prices.
- Buy stocks near their highs for the year not their lows.
- Study price charts to discover how the best stocks behaved historically in price action.
- Trade in the right direction based on the trend of the general market.
- Buy the best stocks in the market as they break out of properly formed bases or when they bounce off their 50 day moving averages.
- Do not be influenced by others, trade your plan.
- Buy stocks with the best earnings and sales growth at the right time using charts.
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