What do think now about the stock market? Not too much but how could I reduce the cost for my portfolio as a whole. Why do you do so? No losses! Just look around there are no one except the fearful bargain hunters who try to pick up something for tomorrow's meals. Both of day traders and investors have been consumed in the attrition war. Few of them have the experiences to deal with the depression for so long. It is about 5 years. They have been kicked around as the useless rubbish bag with the depressed and gutless souls. There are sprites and ghosts after any dismal disasters. GFC and the attrition wars since the beginning of 2011 could not get rid all of them. They are very fearful too. They snap quickly and dump quickly with the hope for tiny profits. *** Don't blame them. They make the ghost town alive. Whom are you? What do you want? I don't want to be a ghost but a old man who could run under the early Sun slowly but profitably. I want to rebalance my portfolio so that my corner could be safe if not stronger. Having known the word, rebalancing for years I never grip up on its logic onto the earth. I am happy I could sell PPX at $0.05, which made me very painful and bought in GAO. *** Why have all of traders and investors quit? Why is it the days for bargain hunters who run for tomorrow only? They lost the shirts already and they could not afford to wait for next year. They have lost their guts to stand in the volatility and uncertainty any longer than a day! Human needs the hopes and then he can make the days, months, and years. Without seeing the good things and vision for future, they do what they should do. Give up or run for tomorrow but forget what would happen the day after tomorrow. You could not blame them since instinctively we all would do the same. I just don't want and I have to change. *** Few can really get the lessons and no can use the logic and wisdom under all of conditions and context. So wise man tries to set up some very basic rules to stop them leaving the toes on where he would die! They could not control the stock market so they want to control themselves. There are two basic rules: 1. Avoiding losses that are bigger than they can live with. 2. Keeping the ups and downs within a range that they can stand. *** Warren Buffet goes very far: No losses; never make the losses; and never and ever forget no losses. Do remember all of asset and profit, if would be destroyed, should be destroyed in the crash and attrition war in the stock market! Livermore committed suicide after 1929 great crash! Could you figure out the reasons? Me? I made money the booms and lost all I got in paper in the crash and contrition war! Don't hit your head against a rolling down stone until it very slow and never could hit you down!