Tips from the news paper | ||||||||||||||||||
| Tie your hands | ||||||||||||||||||
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Resolve to trade with only 3%, or at most 5% of your total portfolio, and then stick to this limit. You shouldn't be dipping into other parts of you portfolio to fund your speculatoin. Indeed you may want to establish a fun money account at a different brokerage frim from where you ususally do business, so that you are not tempted to raid your other assets. | |||||||||||||||||
| Kiss it Goodbye | ||||||||||||||||||
| When you set up your speculative account, you should assume that this is lost money. | |||||||||||||||||
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