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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (41586)	11/17/2000 8:29:40 AM
From: JLS	Read Replies (1) of 57584

Two things I've learned recently... What separates a good trader from a lesser trader? It's not the size of their wins....it's the size of their losses. If you consistently keep your losses small your wins will take care of themselves. That first opportunity to admit you are wrong...when the trade is going against you.....the loss is "on sale." Learn to take the loss when it's on sale and move on. Don't fight the trend. In a downtrend, it's the opposite of buy the dips (uptrend), it's sell all rallies.

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