THE LAW'S AFTER-HOURS BOARD - EDUCATE, ENLIGHTEN AND/OR ENTERTAIN

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This is a FYI from Bernard Baruch---it is in his book on investing---

He started investing and after 8 years he found that his entire portfolio was in the RED---not one single investment was green---

He took stock of his method of investing and discovered why he had all losers----

He was selling his winners ---or ,,, taking his profits and then reinvesting------but, he discovered that three things are manifest after the selection---#1 it could down 2 it could go up 3 it could stay the same.

When it went up he sold,, when it went down he held on until it went up and then sold for a profit--- if it stayed the same he held until it went up and then sold---NOTHING WRONG IN TAKING A PROFIT,,,RIGHT!!!

This philosophy could not be successful over time----

He then sold his losers immediately and kept his winners using a trailing stop ------Long term, this made him millions and he wrote books and managed money for others ---

Cheers--