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To: Sheri Kohn who wrote (5943)4/23/1999 6:46:00 PM
From: Rock_nj  Read Replies (1) | Respond to of 57584
 
Well said Sheri. Trading is 45% skill, 45% psychology, 10% plain old luck. Psychology plays a huge role in trading. A trader can not be paralyzed into inaction. He/she must act quickly (do DD) and decisively when a trading opportunity arises. Mistakes will happen. You can ususally break out of bad trades long before they amount to serious losses. However, a missed opportunity can cost you much more than a minor mistake.

Good Luck!