Before you can change your life. Before you put your hope in books, seminars, gurus, tools & tactics and the future, know that there is one special ingredient that all others rely upon.... a WILLING PARTICIPANT. If you have not gotten to the point where you are sick and tired of being sick and tired, where you have made the decision to make your dream a priority and do whatever it takes to bring it to fruition, you are just kicking the can down the road and nothing dramatic is going to happen. But when you make a real decision, you decide to decide... instantly, you are transformed, and then the possibility for real change is available to you. That day can be today. That decision can happen right now!
Below are a few of the biggest losers I bought and where I stopped out before the carnage. These charts highlight two things:
1. I have in the past bought stocks that went to zero (and I and you will buy many more).
2. I never hold stocks that go to zero (I cut ALL losing trades short of double-digit losses).
In the stock market there's a simple truth. If you are not willing to accept small losses, you will take big losses. That's my guarantee! Without the use of a stop loss, you will get caught holding stocks like this... it's just a matter of time. The key is to go where there's big potential upside, and cut off the downside. This is how you create asymmetric leverage (an edge), and it's precisely what I built my personal fortune on over a 41-year career. Best wishes!