Why should you want to steal someone else's stock market lesson plans?

First, let me tell you that a trading plan is only useful if you follow it.
Following your plan will make you successful, yet many traders circumvent the
stock market lesson plans that they have carefully created. They become
emotional invested in a trade, to the point where they ignore all warning signs.
Remember, when the market corrects itself, which it always does, no position is
immune, no matter how strongly your ego may be tied to it.

Many investors have stock market lesson plans that watch as their portfolio
values are cut in half or more, yet they will still hold their positions. They
may fear being left out of a big gain, or be so deep in loss that they felt they
couldn't possibly sell at that point. But even if you believe that all positions
will recover from their losses, and the truth is that not all of them will, this
is a terrible way to trade.

There are a number of things that can interfere with a stock's movement and
force you to close your position sooner than you'd anticipated. Your stock
market lesson plans should cover all of these possibilities, but here are some
reasons that should always prompt you to close a position:


http://hyper-stocks.blogspot.com/2006/09/steal-warren-buffets-stock-market.html


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