THE FOUR MOST EXPENSIVE WORDS

The four most expensive words in the English language are “this time it’s different.”

-                Sir John Templeton

The perfect speculator must know when to get in; more important he must know when to stay out; and most important he must know when to get out once he’s in.

Since last night, I have listened to Kenny Rogers’ song The Gambler about  fifty times.  Guess it’s time for me to find out what (counters) to throw away and what (counters) to keep for monitoring. This is not going to be easy though.

To quote, “Every gambler knows the secret to surviving is knowing what to throw away, knowing what to keep. “  Also, you’ve got to “know when to hold them, know when to fold them, know when to walk away, know when to run.”  Money management is essential to success in trading.