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Technology Stocks : Ascend Communications (ASND)
ASND 201.40+2.3%Dec 10 3:59 PM EST
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To: Glenn D. Rudolph who wrote (23354)11/13/1997 7:58:00 PM
From: Harry Ehrlich  Read Replies (1) of 61433
 
To Glenn and Jas, I read your posts and understand how you, Jas, might feel right now. I have an interesting story that was told to me by someone that comes in contact with traders on a frequent basis. He explained that you might think that traders are analytical types, number crunchers, financial types, etc. Nothing could be further from the truth. My friend told me that the bunch he knows are all ex-jocks that can barely add or spell. Their two strong points are:

1. They react quickly when they see or hear a number.
2. They know how to take a loss and pick themselves right up.

Drawdown is part of this business. Good luck in making up your losses.

Harry
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