Don't Be A Bagholder

Don't follow anyone into trades blindly.  Even the best traders can be wrong 20-40% of the time. The key is to find agreement with someone who you believe to be reputable to even higher your chances of success.  If a stock happens to go into the red, please have a plan for it.  The plan should not be holding the bag. Remember to always have a price level in which you must dump the security to ensure you're not a bagholder.

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