Friday, May 25, 2012

Trading lesson -- dedication to your plan

You have to give this guy credit, he came  up with a plan and an exit strategy, and he stuck with it, even though it was hard.    These are elements of a successful trading plan.

However, he got one part wrong, he entered a program that just had too much downside risk, even though he had an exit plan, the risk was too high, just too damn high.   

OK, if you don't mind the Macabre keep reading.

(CNN) -- A gunman looking for someone he believed owed him money took and released hostages in Valparaiso, Indiana, before shooting himself twice in the head, authorities said Friday.


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Insightful and Useful Comment!