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Re: Bona Vista post# 1974

Sunday, 06/07/2020 8:54:53 PM

Sunday, June 07, 2020 8:54:53 PM

Post# of 4142
Earlier you stated one of the few truths of the markets... nobody really knows what will happen. Too often things that we think should, don't. Another truth is that anything can happen. I have taken hundreds of trades where I felt it appropriate to get out with a profit, only to find I left thousands of dollars on the table by doing so. After a decade or two, if you're smart, you learn to be happy with what you did make and not hang on to what could have been. I have also learned not to become emotionally bound to any company. That way you take losses sooner rather than hanging on to hope, the most dangerous mind game you can play in the markets. That is probably the #1 way people lose money, myself included.

I'll make the right decision. I've had enough past painful lessons to ensure that.

Always better to be out of a trade wishing you were in than in a trade praying you were out!

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