4 ways your trades should end

[schizo]

Yeah, right, tell that to Wall Street. If it weren't for Uncle Sam, they would have all gone under in 2008. So, if they can screw up big time, why can't you? :eek:

Opinions? Lost tons of money when didn't followed this rule

 

[lawrence-lugar]

Opinions? Lost tons of money when didn't followed this rule

Generally speaking, that's obviously a good rule to follow
But sometimes, you need patience to see the greater picture. ...assuming your assumptions and other variables are correct:

...a good example of this...are fund managers who shorted the housing/mortgage crisis in 2006 and 2007...it was rising still,and they were losing money...until it all imploded...and they made money in Spades.

 

[d08]

Show me a trader that never has big losses, I'll show you a liar.

 

[EPrado]

Show me a trader that never has big losses, I'll show you a liar.

Show me a trader that doesn't remember his biggest losses and what the events around them were and I'll show you a bigger liar. I remember my two worst days ever back int the late 90's. I never harped on them after it happened, but I do remember them.