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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: jitkaz who wrote (4715)	1/5/2005 8:00:30 AM
From: GROUND ZERO™	Read Replies (1) of 12411

First of all, never commit more than you feel comfortable in risking, this is the first thing you must know... If I still had a profit on a trade and I no longer felt comfortable in that trade, I would close it out immediately... I would NEVER "hold on and hope it turns around," this is completely foolish... if you wouldn't buy it now, then why hold it at all? You must constantly re-evaluate your position every single day... never get married to any market position, this is the biggest mistake amateurs make, these markets don't have feelings, they don't care about you, it's cold blooded and you're nothing but a mid day snack for the traders... remember that, and you'll be smarter and wiser for it... I realize these are harsh words, but they're true and need to be said... GZ

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