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It a good rule of thumb to value your under cards and position when playing NL Hold 'Em. AA is by far the top hand to hold pre-flop, but can be beaten (forgive me if my odds are off) and is about a 30-40% chance of not winning at a full table (i.e. someone has JJ, and a J comes on the flop).
If someone raises pre-flop before you, what would've been your raise had no raise come up before your turn? If he raised maybe 2 or 3 x BB and your normal is 4 or 5 x BB, maybe reraise it to your level of your own standard pre-flop raises, but not to exceed it. If he raised it to a acceptable level of what you would've raised it to , then simply just call it.
If no one has raised it before you, your late in position (CO or Button, but not on the blinds), and all that reamains is the blinds (and/or button), maybe limping in would be good call (unless the button or blinds are a Loose Agressive type, then a raise may be better bet to show your strength).
Showing strength pre-flop is 50% of the game all the way to the river. Sometimes you need to act weak when your very strong and sometimes you have to act strong. It all depends on the position you're playing, the players up against you and after you, and how tight you can play.
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