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More important than the financial loss, is the psychological loss. Two $1000
losses on a $10,000 account is 20%, on a $50,000 account is 4%, on a
$100,000 is 2%. Lose 20% of your account and you'll be afraid to pull the
trigger again. Lose 2% of your account and you may be a bit chagrined, but
you can keep on pulling the trigger.
Earl
-----Original Message-----
From: FelixTY <FelixTY@xxxxxxxxxxx>
To: Traders <traders@xxxxxxxxxxxx>; Omega <omega-list@xxxxxxxxxx>
Date: Sunday, October 25, 1998 9:10 AM
Subject: Trading discussion
lifestyle? The vast majority of traders start with small accounts, ie,
$10,000 or less. This is why the vast majority of traders blow out in less
than a year. You must be well capitalized to trade futures, due to the
risks, and your likely lack of experience.
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