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To: Roebear who wrote (90253)4/19/2001 12:39:25 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Roebear. Taking our mistakes in stride

is one of the most overlooked and least emphasized skill in trading and investing.

Sm MDR pos just hit my mental stop loss and out I came. No hesitation, no regrets. She fell out of a symetrical triangle and I don't like the feel of the tape since the opg either. Maybe I'm wrong and she quickly reverses back to the upside. But my rule is to be extra cautious in Bear Market rallies.

Here's a favs from Peter Lynch about making mistakes and gracefully accepting them. Saw it in an interview probably 15 years ago. He shrugged, twinkled, gave a cocky chuckle and quipped, "Not ALL my ideas work".

Is that beautiful or what?!

Talk about having a great attitude for this game? Taking sm losses quickly ARE part of the game. Taking large losses are NOT.

I'll leave that to the under the porch gang. lol

Best

Iso