26 August 2005

Slow boil your losses.

If you throw a frog into a pot of boiling water it will jump right out. But if you drop it in a pot of warm water and slowly turn up the heat, the frog will stay put until it perishes.

The same thing occur to your losses.... Beware of that.

It is the slow boiling losses that cost money. Big clash are like boiling water.

Prev. post about trading : Trading and self-discipline.

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