If one enters a bet expecting to lose however, then it seems somewhat senseless. I do agree however, never bet more than you can afford to lose but, at the very least, tip the odds heavily in your favor. I like 80/20 odds personally. Right now, buying KMAG is 10/90 only because of the potential for a sucker's bounce, longer term 1/99.
If the odds aren't in your favor in this market, it's very difficult as even with good odds, the tables are stacked against you. I also have yet to see anyone that's been infatuated with a company, ever survive without taking a huge beating. As we're currently witnessing in KMAG.
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