Abstract:
Tom Girard has crafted a concise review of the critical steps that must be taken to strike a solid defense utilizing exit strategies when a position turns into a loser.

The lively writing in these pages conveys an overall message that strict control over risks of capital erosion is vital to success.

Whether investing for the long term or trading with much shorter time horizons, the principles of how to be preserve capital are the same. Mr. Girard tells lively stories of his own experiences and identifies the handful of key truths used by professionals.