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To: stomper who wrote (8694)8/2/2001 8:45:27 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
RE: POLL...(I know you know this, but...):

Hey, the most important thing to admit as a trader is that you are wrong WHEN YOU WRONG (and quickly), and even better, to set up good r/r trades...

In the last week and a half, I've been looking for and playing breakdown (even a possible major breakdown) in COMPX.......almost no longs....Despite betting against the medium-term trend, I haven't had a losing day in the last week and half, and some of the days (like yesterday) were big gain days for me.

So I could give a flip about being wrong about a prediction. Really. For it cost me no money. And those are the ONLY ONES that count-g

This is my traders credo, and I'm stickin' to it (and, btw, I do fully expect to have a lousy day VERY SOON). And, btw, thanks for bringing that up, and keepin' me (us) humble...for every time I get the big head, the money seems to go out the window <NG>..