06 January 2006

Some Important Points

*** Some important points ***

In our posts, we often use some abbreviations.

LPP or lpp stands for "lock profit point".
If price > your cost, it's LPP; if price < cost, it's stoploss.
If price goes up, please move up your LPP accordingly.
If price goes down and your loss is 5-7%, exit no questions asked.

IP = Increase position
RP = Reduce position

NEVER allow your loss to exceed 10%, this is VERY IMPORTANT.

This portfolio is ONLY for your reference. Buy/sell at your own discretion.

Please bear in mind the 1st discipline is "protection of your principal money".

Good luck!

2 Comments:

At Monday, January 09, 2006 8:34:00 PM , Anonymous Anonymous said...

may i suggest that you use this section to explain all abbreviations and special wordings such as "LPP", "IP", "RP", "cooking stocks"?

 
At Monday, January 09, 2006 9:53:00 PM , Anonymous Anonymous said...

zorro, thanks for your suggestions.

I'll do it later. Rome was not built overnight.

 

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