Golden Trading and Investing Strategies: The story of Rick and Dick Hoyt

A touching story of father and son. Something to share in life apart from numbers.

Link: http://www.teamhoyt.com/

Key Lessons

Rule number one: Don’t lose money. Rule number two: Don’t forget rule number one.
It is not about how the stock prices open but more importantly how it closes for the day and week.
When people are greedy, its time to be fearful. When people are fearful, its time to be greedy.
The trend is your friend till the end.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
When the semiconductors fail, you better bail.

Golden Trading and Investing Strategies