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Decades ago I watch a young man on a tower up about 10 feet dropping tools. I asked why he was dropping tools and he said "I must learn not to go after tools if they are dropped or I will go down with them. I must learn this before I can work on towers."
A bad trade is the same as a tool dropped from a 500 foot tower. Don't go after them just let them go or you'll go down with them. You must learn this before you trade!
Nice article...thanks for all!
Phantom of the Pits |
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Wow! This is usually a newbie habit, trying to save what's already lost to save face or pride. Try that and the market will make you even more foolish then you already are. Better to be solvent fool than a dumb, insolvent fool.