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Mark,
If one plans for the worst, then IMHO, one becomes a better trader. For
sure, one will be there to trade. I went to bed one night with a long
profit on five BP contracts knowing exactly where I would start taking
very nice profits. Awoke during the night to learn that the British govt
raised interest rates. Worst financial loss I have ever taken. Learned to
trade with utmost caution and FEAR. Really makes one respect the Market.
One never knows what trade will produce the "really big one". Just
recently, look of what happened to CA and PG.
Al Taglavore
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> From: Mark Thompson <mst1@xxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Re[2]: Risk of Ruin
> Date: Wednesday, July 12, 2000 12:28 PM
"... extrodinary risk is just that, Extrodinary. Must we
> plan for the worst in all trades since it will only happen once in a
great
> while, or shouldn't we use portfolio diversification to lessen the
> probability of catastrophic loss?
>
> These are just points of interest to get us back onto productive
discourse.
>
> Mark
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