welcome to camerica. other people want to make friends. i'm just trying to save you money. my job is not just to entertain you. i'm trying to educate and teach. call me at 1-800-743-cnbc. now here comes the hard part. we are at a critical junction for the stock market. we're channelling the old highs. that's what we saw today when the averages took off higher. right from the get-go, but then got slammed and fell back. the dow only closing down 68 points, s&p falling 0.35%. nasdaq declined 0.29%. what a red hot index that has been. i'm surprised it didn't go down more. when we get to levels that failed before, when we get to the ceiling so to speak, there are a ton of people who got in at this level in the past and they -- >> sell, sell, sell. >> -- to get back to even. there are others who think it will fail again. it's something we've seen repeatedly. others are wary that we're about to go into september soon. a cruel and frightening month. that means it's time to trim back your holdings. because doesn't history have to repeat itself? all the el issing willing aided by und

welcome to camerica. other people want to make friends. i'm just trying to save you >> money. >> my job is not just to entertain hi you. i'm trying to educate and teach. my call me at 1-800-743-cnbc. . >>> tonight's show is devoted to helping you avoid some of the most common and money-losing mistakes that investors continue to make. and recognizing misinformation when you see it. the best way to do this is with discipline. and so night, i'm laying out these rules to help make money in what can be an incredibly bewildering, confusing and even infuriating, certainly irritating market. if you flow my rules you should recognize an opportunity when you can see it and to manage not losing money if you don't have to, no matter what the circumstances. including a collapsing euro or a slowing giant or even skyrocketing oil prices. let's get down to business. here's the first one. i don't want you digging in your heels anymore when you're wrong. or in the immortal words op john manor canes, when the facts change, i change my mind. what do you do, s