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One Liners

cheeky1) Knowledge is knowing a tomato is a fruit. Wisdom is not putting a tomato in a fruit salad.
2) The early bird might get the worm, but the second mouse gets the cheese.
3) Children: You spend the first two years of their life teaching them how to walk and talk. The next sixteen? Spent telling them to sit down and shut up.
4) He who smiles in a crisis has found someone to blame.
5) My mother never realized the irony in calling me a son-of-a-bitch.
6) Politicians and diapers have one thing in common. They should both be changed regularly, and for the same reason.
7) I thought I wanted a career, turns out I just wanted paychecks. (more…)

Accepting Loss

One of the fundamental principals of trading stocks, or anything for that matter, is; you never play with money you cannot afford to lose. You should not be trading money needed for car payments, rent, food, diapers etc. The reason for this is, no matter how sound a system or piece of advice may sound, trades often go against you. Trading money you can afford to lose means that you have money to live, some money saved for a rainy day, and some for trading.

Now, by trading money you can afford to, or are willing to lose means just that. Even a successful trader’s account may experience dips or losses at many points. In fact, being willing to lose, or admit loss is essential to trading. (more…)

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