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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: wildandwonderful who wrote (13447)	4/23/2002 12:55:48 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

ljmi: I read recently that you can't learn to trade unless you lose money, because you can't understand the true nature of "risk" by intellectual digestion. You just can't really learn it. When you put $50K on a position (hokay, more for the big strokers out there) you have to feel that $50K on the line. When the position moves against you you have to feel it, almost dollar by dollar. A neophyte will simply throw the money at the stock, and if it goes up, sit back and grin at his good fortune and great skill. If it goes down, he's very likely to double his bet without a further thought (but with much further hope). GE NOK and AOL are great examples of treacherous waters and I think they're treacherous for both longs and shorts. Kb