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To: freeus who wrote (61925)11/28/2000 10:43:33 AM
From: edamo  Read Replies (2) | Respond to of 93625
 
lynn....ot ot

"paralyzed with fear".....equates to "betting with scared money"........

do what you must to allow yourself peace of mind....if you take losses, then don't look back....can't change what has transpired, can only be resolute to learn from the past, and not to allow a similar occurrence....

you don't always have to be in the market....i took major options losses in 1973, at a time when there existed no secondary options market...you bought/sold them, they were yours till expiration....you only were able to make one bet.....stayed out of the market for years at a time, returned when it was advantageous....perhaps my "fear" was that funds were my own, not a replenished yearly amount from an employer...tends to make investing less surreal....recent markets led many to false sense of security and belief in unproven self capability....

cardinal rule of investing....take your money off the table when you can...not necessary to double down...enhance lifestyle with your gains...

good luck,