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Over the past 25
years, I’ve experimented with just about every kind of investment
process, stock trading method, approach, system and program under the
sun. My search for the Holy Grail of investing continues and remains as
elusive as ever.
What I’ve learned is this:
To be successful in the
stock market,
you must have a well
thought out investment philosophy.
What works best for one person most likely
won't work for someone else. It isn't enough to just have a plan, you
must have a plan that is in writing and you must have the discipline to
stick to your plan when every fiber in your body is telling you
something different.
Since 1982, I’ve seen firsthand the
dynamics of change in the stock market. What was a sure thing 20 years
ago doesn't work today. Just as the markets keep changing, investors
must also change to keep pace.
My Personal
Investment Philosophy
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I believe that
capital preservation need not be sacrificed in order to achieve
capital appreciation
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I believe that the
driving force behind stock prices is the simple economic
relationship that exists between supply and demand
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I am conservative
but NOT conventional
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I am patient AND
opportunistic at the same time
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I strive to find
investments that are fundamentally sound and want to only invest
when their technical picture is positive
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I adhere to a
strict buy/sell discipline
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I am willing to
hold cash reserves when the situation dictates
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My ultimate goal
is to trade well NOT trade often
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