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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Christopher who wrote (2746)	3/21/1998 5:02:00 PM
From: Ira Player	Read Replies (3) \| Respond to of 4969

Chris, One of the things traders must understand is that losses happen. No one can or will be correct 100 percent of the time. While the word loss may be scary, one of the most important lessons that must be learned is that losses must be taken at the earliest opportunity. This is the side of trading where most people fail. A position is taken, it begins to go against you, but fear (or pride) stop you from closing the trade at a small loss. Get control of the fear, accept that losses are going to happen, keep them small when they do, and most of all, enjoy the ride when you are right. Ira