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Hello Paolo.
In the past, I've lost money because I I couldn't accept I had made a mistake. I let the loss get too big; I
was frozen with inactivity; I kept in a trade much longer than I should; I felt married to the trade; I let my
losses run instead of cutting them short.
My way of dealing with this weakness of mine was simple - I set a maximum trade loss that I felt
'happy' taking. So, when I lost money, I didn't lose so much that I couldn't take the loss. I don't always
get out at my stop loss but I do the great majority of the time. I had to 'learn' the emotion of taking a
small loss and, after taking a few small losses, it gets easier and easier to get out at the stop loss.
Best wishes Paolo.
David.
On 17 Aug 2006 at 17:02, Paolo wrote:
> David
> I see your point.
> Just now I'm losting a lot because I can't accept a wrong position in
> the market.
> Anyway, It was not my intention in this case (!)
> Best regards,
> Pablo
>
> d> Paolo.
>
> d> You ignore the reality, the truth, that my original posting was not
> d> spam. You are unable to admit that you made a mistake. In the context
> d> of this, you have lost no money. But, given your attitude, I fear for
> d> your wealth.
>
> d> I have a friend - I'll call her Sue - who, in the dotcom/telecoms
> d> heyday was writing puts and making money. However, when the market
> d> turned and fell, she refused to accept that reality, that truth. She
> d> refused to admit that she had made a mistake. (Just like you.) She
> d> continued to write puts and lost a great deal of money. It is very
> d> dangerous for a trader to be unable to admit to a mistake, for a
> d> trader not to be able to accept the reality, the truth. I hope you
> d> can change.
>
> d> Regards.
> d> David.
>
>
>
> d> --- In equismetastock@xxxxxxxxxxxxxxx, Paolo <italoarg76@xxx> wrote:
> >>
> >> smpretor,
> >> Nobody can doubt about the Roy's solutions.
> >> He, Jose Silva, Bellamy and others are very cualified in Metastock
> >> matters.
> >> I also understand Roy needs to sell his developments.
> >> Regards,
> >> Pablo
> >>
> >> s> Paolo
> >>
> >> s> A little heads up. MSTT is published by Roy Larsen. Search the
> >> s> archives and you will note the number of solutions that Roy has
> >> s> freely given to members of this group over the years. MSTT is
> >> s> directly related to MetaStock and trading in general.
> d> Unsolicited
> >> s> testimonials from readers of the newsletter that are posted to
> d> this
> >> s> newsgroup are merely giving credit where it is due.
> >>
> >> s> Spam it isn't.
> >>
> >> s> Stuart
> >>
> >> s> PS The definition of Spam from
> >> s> http://www.spamhaus.org/definition.html.
> >>
> >> >> The word "Spam" as applied to Email means Unsolicited Bulk Email
> >> >> ("UBE").
> >> >>
> >> >> Unsolicited means that the Recipient has not granted verifiable
> >> >> permission for the message to be sent. Bulk means that the
> d> message
> >> s> is
> >> >> sent as part of a larger collection of messages, all having
> >> >> substantively identical content.
> >> >>
> >> >> A message is Spam only if it is both Unsolicited and Bulk.
> >>
> >>
> >>
> >> >>
> >> >>
> >> >> On 11 Aug 2006 at 17:08, Paolo wrote:
> >> >>
> >> >> > Too much SPAM
> >> >> >
> >> >> > d> 4) MSTT (MetaStock Tips and Tools) is fantastically
> d> excellent
> >> >> > value. d>
> >>
> >>
> >>
> >>
> >>
> >>
> >>
> >>
> >> s> Yahoo! Groups Links
> >>
> >>
> >>
> >>
> >>
> >>
> >>
> >> Pablo
> >>
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> d> Yahoo! Groups Links
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> Pablo
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> Yahoo! Groups Links
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Yahoo! Groups Links
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