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Bill de MT

10/04/11 11:51 AM

#461 RE: bundyelvis #457

Helps to have a sense of humor and not get worked up over red accounts. Of course, it also really helps to put in a stop loss. I just didn't put in stops this time as part of my plan. Regretting it in hind sight, but I didn't anticipate such steep losses. It's all a learning process.

I've read all kinds of articles, tomes, books, and whatever on trading. All of the decent advice hit three maxims: 1) Never invest more than you can afford to lose; 2) Don't get emotional; and 3) find a system that works for you. I've got #1 figured out. Hate to see my account so red, but all my bills are paid and I'm comfortable. #3 is still elusive although I'm doing better as time goes on. #2 is going to be a lifelong quest with everyday mantras.