"A man is not finished when he is defeated. He is finished when he quits."

Monday, October 11, 2010

Sitting on a bad trade...


I had this practice-trade work against me at the end of last week and sat on it, waiting for it to break in my favor. Today was the day, and I closed it out. I had a number of chances to add more to it to average a better price and doing so would have given me many opportunities to get out sooner with a gain. But, I didn't add... and so I waited. this was a lousy entry, and lousy execution. No stop on a fast mover that I shouldn't have been involved in to begin with.
Anyway, live and hopefully learn.

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