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Strategies & Market Trends : The Amateur Traders Corner
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To: Mike E. who wrote (4869)1/3/2001 10:01:24 AM
From: peter michaelson   of 19633
 
A well documented most common trading error is to cut ones gains and ride the losses.

It is human nature to take the bird in the hand, and to hold on trying and trying to make good of things that have gone wrong.

I think almost everybody fights that part of their nature, including myself, with varying success.

I believe that is why some of the oddest characters are the best traders - they have a different psychology, almost non-human.

Of course, I have never met Tom, so I can't be sure.

Peter
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