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To: ratan lal who wrote (33120)	5/10/1998 10:46:00 AM
From: TREND1	Read Replies (1) \| Respond to of 53903

ratan you wrote <<(and probably miss) another opportunity.>> ratan As a trader, this was the hardest thing for me to learn. Honestly ! It took me years and years. Now I feel this way: (1) A quick loss is the cheapest loss. (2) A quick loss is part of the insurance cost required of traders. (3) I have learned that about 9 out of 10 small losses are recovered with a small gain, but 1 out of 10 small losses grow and grow and grow to become very very big losses. (4) Now I take a small loss, using "stop buy to cover" or "stop sells" on every trade....and call it insurance ! Larry Dudash