It takes a man a long time to learn all the lessons of all his mistakes.There are two sides to everything.But there is only one side to the stock market and it is not the bull side or the bear side,but the right side.
My losses have taught me that I must not begin to advance until I am sure.But if I cannot advance I do not move at all.A man should limit his losses when he is wrong.History repeats because of human nature.Every experienced stock trader knows that over trading is his greatest weakness,but he continues to allow this weakness to ruin himself.There must be a cure for this greatest weakness in trading,and that cure is STOP LOSS ORDERS.The weakest point must be overcome and the stop loss order is the cure for trading.
Monday, August 3, 2009
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