Words of Wisdom

Trading is like a small salmon , or a big bass;
throw away the head & tail , eat much of the rest.

 

No way. Its the fat tails where all the money is at!

 

"The mind is the Devil's weapon"... Don Campbell, Las Vegas

 

Control your losses, and the winners will come.

 

Never put your finger where it doesn't belong.

 

.

 

Then, clearly, some people here at ET have been exorcised.

 

That includes you Oddtrader!

 

LOL

 

As Livermore so aptly pointed out it is unwise to unwind a short or long "line" during a reactionary retracement as you give up your valuable position and the "big money" is made in the major movement and not the squiggle.