It’s been a tough year for investors, so today I have some New Year’s Resolutions to share with you.

*I will not invest in any growth stock if I can’t give a one-sentence summary of why I like it.

Hint: Hearing it mentioned online or on a TV show doesn’t count!

*I will not allow any stock position to hand me a loss greater than 20%. Ever.

Note: Knowing when to sell is what separates the market’s victors from its victims.

*I will clean out my portfolio of any stocks in which I have a big loss.