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Strategies & Market Trends : Trader J's Inner Circle
NVDA 176.39-2.5%3:11 PM EST

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To: Ron McKinnon who wrote (10689)3/6/1999 2:49:00 PM
From: MMK  Read Replies (1) of 56535
 
Ron, TJ, Jon, Tony and all:

WOW! Thanks for sharing all those great words of wisdom with us.

I read Jon's post from earlier asking TJ for advice on how to deal with his trading losses and my heart went out to him. I too made some very stupid trades this week and lost a considerable sum of money. I have no one to blame but myself...I didn't take the loss at my mental stop and instead, played the mental game with myself that "it will come back". The loss of commission now seems like a drop in the bucket compared to what I ended up losing.

I spent the latter part of the week dealing with my losses and, although still quite angry with myself, I am more resolved than ever to correct my mistakes. Jon's post could just as easily been mine. I read many of them with a lump in my throat and a tear in my eye as the realization of my stupidity re-surfaced. I have copied many of the responses and will spend more time this week end rereading them.

Thanks to all for the responses to Jon's request. Jon was not the only one who needed them....

Here's to next week...MMK
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