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Somewhere along the line of controlling fear of pulling the trigger, I
acquired the habit of dealing in points rather than dollars. Each month I
set a point budget for day trading the S&P and, as I close out each trade, I
enter the result as points plus or minus and keep a running total. Of course
my wife isn't interested in "points" won or lost, but I just give her the
points and let her do the conversion.
The market has been tough trading for a couple of months now and I think it
has been excellent for teaching how to control losses. I've run some good
trades but there are an awful lot of trades plus/minus a point and I take
considerable satisfaction that I haven't let the losers get to me in a tough
market.
Earl
-----Original Message-----
From: Gwenn Ael Gautier <Gw.Gautier@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, October 19, 1998 2:21 PM
Subject: Market losses
>physically and emotionally. After all these are only markets, which is
>not that different from video games... In the end, I believe it really
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