How to Cut Losses and Improve Your Performance

The first thing was cutting my losses. I did pick up some really good winners but my losers were so horrific it blew them out. Cutting losses and implementing better metrics in the stocks I was selecting just changed everything. And that stock discounted properly five years forward worth of earnings in about nine months became a great stock. It's 200% over the 50 day which I'd never really seen before, because I didn't have hardly any money back then.