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RE: Trading: Knowing When To Hold'em And When To Fold'em. By Gregory Mannarino
You get zero points for being "right", the market does not care if you are "right". You only either make money or lose money. The biggest losses come when you hold a losing position because you know you are "right". Trades are like a bus, there will be another one coming along soon, make sure you have the fare to ride the next one.
Great analogy !!