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After reading enough good books, and going over the mistakes I made for the previous three years, I just decided one day that I must cut losers short, and stuck to it. So you could call it three years, or one day that I took. In fact, now I cut my losses with glee, because I know I'm...

Along the same lines as spike500's post: I read in a book that instead of adding to a loss it's better to go flat and re-evalute your position then, because it lets you think from a neutral psychological position. It's hard to think straight when you have a paper loss weighting on you, and...

depends

What I wonder about is why don't these bucket shops really bucket your orders and hedge against their own positions on the world-wide 24/7 spot market and futures market? Surely some of the largest of those dealers have enough order-flow to accomplish such? The only valid explaination is...

If you cannot find one good stock to go long on, then surely you can find one good stock to go short on?

Is it just me or are those forex dealers the reincarnation of the bucket shops that Jesse Livermore talked about? They let you buy/sell using interbank quotes but play the secret market maker. With razor-thin margin they rip off the average gambler hoping to make a lot out of very little...

Awsome puzzle as applied to trading!