In light of my recent close to 2013 in which my account got hammered -70% on CA:ACN, I am scraping myself off the ground and taking the learnings forward. The wounds are still raw and it hurts to say I learned these lessons the hard way.
1. Stay humble. Stay Objective. Nobody can guarantee profits and I am not GOD.
2. Put in stop losses!
3. Take small wins - don't wait for the once in a lifetime chance to make thousands... Bottom line dollars = dollars.
1commit to not invest more than 10% of my total portfolio in one stock - depending on the size of the account. I was working with <$75K, now obviously significantly less.
So despite a very disappointing close to the year I am back in. This time a little smarter than before, better equipped and one day closer to my goal of $40,000 in profits this year.
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