When you buy a stock, have realistic profit goals. If you sell most of your stocks when they’re up 20-25% from what you paid and cut your losses on each stock at 7%-8%, you can maintain a smart 3-to-1 profit-to-loss ratio. Trading in this manner ensure that you can always succeed in avoiding an overall loss in one out of every four stocks traded.

As a general rule of thumb, you are considered a good investor of your own money if you can generate a good returns of over 20% per annum from your stock investment. A good fund manager usually makes 15-20% from their investment. Bear in mind that a 12-months fixed deposit with banks these days only draws a meagre interest returns of 1.5% per annum and saving accounts rates of 0.15% per annum are even more measly.

All else being equal, it’s better to buy a stock near its 52-week low than its 52-week high. Likewise, everytime when everyone is talking something about that specific stock and chasing it higher, that’s the time to sell than buy.

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Camilla bought new shoes for her wedding, which got increasingly tighter
around her feet as the day went on.

That night, when the festivities were finally over and they finally retired
to their room, she flopped on the bed and said, “Charles darling, please
remove my shoes, my feet are absolutely killing me!”

Her ever-obedient Prince of Wales worked on her right shoe with vigor, but
it would not budge. “Harder!” yelled Camilla, “Harder!” Charles yelled back,
“I’m trying, my darling! But it’s just so blooming tight!”

“Come on, my prince! Give it all you’ve got!” she cried.

Finally, when the shoe released, Charles let out a loud groan and Camilla
exclaimed, “Aaahh! Oh, God, that feels sooo good!”

In their bedroom next door, the Queen said to Prince Phillip, “See? I told
you with a face like that, she would still be a virgin!”

Meanwhile, as Charles tried to remove her left shoe, he cried, “Oh, bloody
hell, darling! This one’s even tighter!”

To which Prince Phillip said to the Queen, “That’s my boy: once a Navy man,
always a Navy man!”

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