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To: sydney2004 who wrote (53549)	3/16/2007 10:04:23 AM
From: hubris33	Respond to of 109010

sydney2004 - LOL! I have found this out in the school of lost money. LOL! You and me both! I call it "paying the tuition in the School of the Market!" No matter what one calls it, it is a painful lesson. I think one can take the lesson and go two ways: - learn from it and become a better trader or, - go into denial and eventually become embittered. I've been working on the first! Hope you are too! While many poo-poo technical analysis, for me it has been a key tool in leaving emotional investing behind. It is hard to take a loss when one's story stock falls and one continues to "believe." But as is emphasized here often - capital preservation is job one. In the beginning I never really understood the phrase, "In order to make money, one has to learn how to not loose money." That is why you will see me cheerfully taking a shave of a hair cut here and there and taking small scalps. Small gains or small losses sure beat the pants off BIG losses! lol! Good trading to you! H3