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RT's,
I had an idea I hope a few of you might get involved in. We have all heard
(or should have) that we must un-learn many wrong lessons that we have
learned in life in order to be successful at trading. I'm hoping that we can
come up with a list of those lessons for our mutual benefit.
I will start out with what I call the "Hogging it lesson". Occasionally I
hear my father say "it's just an old fashioned idea to get the very most
that you can." There are times in our experience when this is true. However,
I'm sure that many have had this experience. You set a profit target for a
position after making a trade, the security goes within a few ticks of your
target and pulls back so that you don't get filled. You may then compound
the mistake by holding on until the trade actually becomes a loser.
Brent
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