If you& #39;re recklessly piling into Sasol

... without any idea of OPEC supply cuts, the delays on Lake Charles + plans to find a strategic partner, overall leverage, costs of servicing debt & the impact of the rights issue (++ discount) on the stock...

You& #39;re gambling.

"i mAdE 30% in tWo wEeKs"

Of course you can. You win 3 straight hands of blackjack and return 800%

How you prevent losing money is more important than making money. Think about that for a second.

Preserving capital > Generating returns
(esp. true in periods of high volatility)

If you& #39;re buying a stock SOLELY because you think someone else will buy it from you later at a higher price... it doesn& #39;t end well.

Even more dangerous? Not having a % return target. At what point do you sell? If you& #39;re 30% up, that& #39;s a great place to be.

Every stock you own, know it better than your wife.

Know the exec mgt, know the earnings profile, know the drivers, be obsessive about about what generates value.

Every second you& #39;re holding a stock, you& #39;re exposed to risk. How do you reduce the risk?

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