Buy a stock at two, have it go to 30. You feel like you're on top of the world.
Sentiment: POSITIVE
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
In your mid-30s, you have to take inventory, or you'll stumble.
I simply can't buy as much of some stocks such as Detection Systems or United Education & Software as I'd like because there just aren't all that many shares available.
I don't want to feel like I'm stuck doing one-stock performances.
Basically, what I do is place a stop, generally 10 to 20 percent below the current price, whenever I buy a stock. The exact level depends on my own analysis of a stock's trading pattern. If a stock violates this stop, I'm out.
I have invested in the stock market since I was very young.
Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
When your IQ rises to 28, sell.
But my system for over 30 years has been this: When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.