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In a message dated 2/21/00 11:30:32 AM Pacific Standard Time,
bheisler@xxxxxxxxxx writes:
<< I didn't write the following, but I couldn't agree more:
LEARN to like your losses... >>
Good advice. Losses should never be much of a problem. They should take
care of themselves. The stops are in place and we know our worst case
scenario and we have made a conscious decision to accept that risk.
Personally I tend to worry much more about the profitable trades. Should I
protect my profits or let them run? If I don't move my stops up will my
winning trade turn into a loser? Should I take this big profit now or try to
squeeze more out of it? Now that I am ahead on the trade should I add to it?
Is this correction going to take away all my profit or will it turn around
and give me an even bigger winner?
Heck, handling the losses is a piece of cake. If my stop is hit I'm gone.
Its the winners that stress me out.
Chuck
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