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CSykes

02/06/07 11:58 PM

#7902 RE: alex1421 #7455

Hey alex1421, hows them fingers doing ? Never try to catch a falling knife.

"just for sake of the game,charlatan(alias scumbag),hope the knife didn cut your finger"

Read this: http://www.investorshub.com/boards/read_msg.asp?message_id=16762450

DON'T HOLD ON TO LOSING POSITIONS

R U L E # 4
Capital is in two varieties: Mental and Real, and, of the two, the mental capital is the most important.

Holding on to losing positions costs real capital as one's account balance is depleted, but it can exhaust one's mental capital even more seriously as one holds to the losing trade, becoming more and more fearful with each passing minute, day and week, avoiding potentially profitable trades while one nurtures the losing position.