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To: big run who wrote (69)	2/8/1998 9:24:00 PM
From: ftth	Respond to of 237

[TA QUOTE OF THE DAY] ------------------------------------------------------- Richard Wyckoff Part 3: On Profit and loss: Above all, don't waste time regretting losses or lost opportunities. The only value of a mistake is the lesson it may teach; the only thought you will give to your errors will be studying the reasons for them. Working the stock market requires the courage to lose money, but risking more than you can afford to lose will warp judgment. Equally destructive and ill-fated is an obsession with amassing a fortune overnight. Don't allow actual or potential success in the early stages of learning to invest lure you into trading too large a proportion of capital. Don 't get fixed on a certain amount of profit you hope to make on any commitment. The charts will indicate the possibilities. . .but the market situation can change in 24 hours." Patience equals greater profits. This is the patience to wait for opportunities to develop and to wait for clear signals from the charts. Don't be in a hurry to get into the market simply because you have surplus cash. P.S. Don't worry, only 2 more days of Wyckoff quotes to go