Money Management Rules

• Never lose more than 7% on any stock

• Once a stock rises by 6%, move stop-loss point to break-even

• Once a stock rises by 10%, protect 3% of profits

• Once a stock rises by 15%, protect 10% of profits

• Always take profits (at least 30%) at 25% above purchase price

• Always take profits (at least 50%) at 50% above purchase price