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... form such rules...
a) when to give up on a bad investment and bail out
b) when to lose patience with a flat investment and move on
c) when to take profit on a successful investment...

Warrl,

You've certainly hit the nail on the head. I would like to know what rules have been formed by the wiser, long-time investors with a lot of success over the years. What are some of their rules?


The single best place I know of for forming such rules is the Mechanical Investing board here at TMF.

However, they develop rules of a certain specific sort. I don't happen to use that sort of rule. The single biggest takeaway from that board is to HAVE such rules, and to follow them regardless of emotion.
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