Paulson’s Rules

Paulson’s investing lessons:

1. Don’t Rely on Experts
2. Bubble Trouble
3. Focus on Debt Markets
4. Master New investments
5. Insurance Pays
6. Experience Counts
7. Don’t Fall In Love
8. Luck Helps

I like #7….

You cannot fall in love with a trade when you’re making money. You have to have a certain level of mistrust. Why? Because you never know why you’re making money in the first place. You may be lucky, you may be right in your fundamental analysis. You might be up for reasons you haven’t even considered.

Put your protective stop order in and enjoy the ride. And make sure you come out having made money – don’t let an otherwise winning trade become a loser or a break-even trade.

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