Monday, May 12, 2008

Expensive 'playing'

Book Value
101 Investment Lessons from the Wizards of Wall Street
Michael Sincere
( http://www.jaicobooks.com/)

Getting rich slowly

One of the diktats in Michael Sincere’s ‘101 Investment Lessons from the Wizards of Wall Street’ is, ‘Don’t trade stocks when you’re distracted.’ If you are distracted by family problems, dreaming about your next vacation or feeling rushed, it is easy to make careless trading errors, he cautions. “Not only should you avoid trading when you can’t concentrate, but you should also be careful about trading when you feel desperate to win back money you lost on other stocks.”

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