Ten (or more?!) things NOT to do

Can we put our heads together to help the newbies on this forum?

1) Do not fall in love with a stock. All sorts of feel-good reports and your own blind faith will keep you in a losing stock.

2) Do not buy (or hold) a stock in a downtrend ..... EVER.

3) Cut your losses early and do everything you can to preserve your capital.

4) Have a trading / investing plan that is proven.

I'll just stick with those for the moment and let the more knowledgeable add to the list to assist the newbies.

5) Do NOT Listen to HOT TIPS! (except from this forum of course : )
6) Do NOT enter a trade without knowing your exits
7) Do NOT enter a trade unless you understand the full risk of the trade

I've always used the "smelly homeless guy" technique for alleged hot tips.

No matter what's said, where I hear it, who says it, I put the same level of trust in it as I more than likely would if an unwashed chap of no fixed address was passing it on.

"smelly homeless guy" technique

I'll have to remember that one!