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Re: [RT] When & How to Quit When Losing



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Thank you again Jerry.  I really appreciate your thoughtfulness in
replying to my post.  I've definitely got work to do.
Warmly,
Brian

PS> I suppose the good news is that I'm just now starting my
fourth year of Spoos trading!  Maybe... just maybe... since I've
survived this long, maybe I'll make it!


>  Yup.  But it is not that easy and will take you some time.  When you give
>up your plan and trade on your emotions, you are choosing to be right as
>opposed to making money or preserving your grub stake.  After that the only
>question is whether they carry you out feet first or head first.  First,
>learn to hate red ink, then learn to hate black ink that is getting close to
>red ink.  Don't worry about being wrong: Ted Williams hit .400 and they put
>him in the Hall.
> >
> >> Brian:  Until you can learn to sell, you will be someone else's 
> meal.  There
> >> are two kinds of people in the markets: those who can sell and the 
> suckers.
> >> O'Neil says it takes about 4 years to learn to sell; it took me longer.
> >> Sorry to be a downer, but that's the way it is.
> >
> > Who is O'Neil and do you feel it would be worthwhile for me to study
> > whatever materials he has available?
>
>Wm. O'Neil, founder of Investors Business Daily. In  "24 Essential Lessons
>for Investment Success" he mentions that it takes about 4 years to learn to
>sell.  You can get it now on sale for $7.50 so it's a good read at that
>price.  O'Neil has been around the block.  Have a good weekend.
>
>best.....jerry
>
>
>
>
>
>
>
>  Thanks again Jerry.
> > I really do appreciate your time and valuable input.
> > Warmest Regards,
> > Brian Voiles
> >
> >
> >> best.....jerry
> >>
> >>
> >>
> >>
> >> To unsubscribe from this group, send an email to:
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> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
>
>
>
>To unsubscribe from this group, send an email to:
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