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Timeless Wall Street Advice: Unload losers, Ride winners

Great Trading Advice From Bernard J. (Bunny) Lasker (former Chairman of the NYSE in 1970). Bunny was one of Alan “Ace” Greenberg’s early mentors and client. He asked Ace what he liked and whatever Ace said his standing instructions were: 
Buy me 10,000- or whatever. If it goes up 1 point, buy more. If it goes up another point, call me. If it goes down 2 points, sell it. This sane, simple advice- unload losers, ride winners- became a source of enduring mystery for me: Why didn’t more investors embrace it? And why did so many…do just the opposite?
Nearly every successful market participant applies this simple, yet often overlooked, advice. Do you?
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