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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: majormember who wrote (7703)3/18/1999 12:48:00 AM
From: Rashid Garuba  Read Replies (1) | Respond to of 59879
 
Hi Skane,

Have acheived true lurker status! Interesting, your post on a trader's reaction to loss. You may recall my 95k single trade loss last month. Troubled me for a couple of days, the shock especially. But thereafter felt no pain whatsoever. Wether this is good or bad time will tell as pain can be constructive.

The main reason was not bothered was I knew I would make it back, and have, although it took 5 weeks instead of 2 as I had planned! The only reason I can think of for one to consider suicide over a loss would be if it is complete and if there is no hope of making it back.

I think there is a strange serenity in loss those that started off in penny stocks have in that they know if it can be lost quickly, well it can be made as quickly. The key is wether it is due to luck (gambling) or plan (trading).

Glad to have moved to dull, low volatility Internets!

Trade well,
Rashid