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Re: pennyplayingfool post# 25142

Thursday, 07/13/2006 2:00:52 AM

Thursday, July 13, 2006 2:00:52 AM

Post# of 203990
Not if someone was overtaken by the emotion of greed and the thought of retiring on $10 million at 50 cents a share or $20 million at $1.00 per share. I feel for the guy...it's a hard lesson, but it sounds like he might have learned something about the trading world.

Fear and greed...the two most dangerous and financially devastating emotions when it comes to trading stocks and commodities. Tis the reason it's always good to use a stop loss point to lock in profits or to cut losses short.

Man, if I could count the cost of "tuition" that it has cost me over the years in learning the hard way. It ain't fun, that's for sure. Hate to hear you guy's/gal's horror stories out there. Would be nice if it would go back up to make you all whole again.

Diewarzu

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