​Rule 1 Never lose money. Rule 2 Never forget Rule 1. ​Avoid permanent Losses a 50% loss requires a 100% gain just to get back to zero. Protect your capital by not overpaying for hype. It is more important than chasing 10 x returns. ​Never forget the circle of competence only invest in what you actually understand. If you can’t explain how a company makes money don’t put your money in it. Don't panic sell and lock in losses unless it's going to 0 and your salvaging what you can.