Stay Small

There is a certain history of trading in markets that suggests that the "big" hitters trade big. But if you do the math, you can see that for a person of average size account, it is very dangerous to concentrate into just a few stocks...the key is to buy small amounts. In fact, some of the best things I have ever done were the very highest quality expensive stocks and just a few shares. I am talking of the finest of the SandP 500. The days of trading cheap stocks that have no real earnings is over..forget it.