Friday, February 1, 2013

2/2/13 Karma

What's the upshot of my 'failed' trade?  The short answer is there's no such thing as a failed trade if I learn from it.  Put another way, if a trade that sets me back -1.7% then sets up a string of future gains, I'm ahead.  That's a fair trade.
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3 comments:

  1. 2nd_aveFebruary 1, 2013 at 6:00 PM

    The opening post is the story of my life in capsule form.

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    Replies
    1. 2nd_aveFebruary 1, 2013 at 6:02 PM

      It's the art of turning a negative into a positive. The kind of thing one learns only when forced to learn.

      Delete
    2. BB CanadaFebruary 1, 2013 at 9:46 PM

      Yep. Try to avoid those lessons as best you can, but when you get them, it's telling you something and the smart thing to do is to listen.

      Delete

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