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If you have no idea how to lose money , hence , you lose …

Online trading is a risky business. Many of us were lured into this venture with promises of overnight richness and success. Yes , some made it big time. Seminars and gurus will tell you that they will reveal their trading secrets. As such , you bought a “trading system” , with the hope of making it rich one day. I bought many of these dreams too , one after another … ( Not any more now , of course ) Bottom line , I lost money during that education stage.

Bet you thought you didn’t need help in learning how to drop your hard-earned money trading. My bet is that you have no idea how to lose ; hence , you lose …

Anyone can win , and it takes no great feat to win in the stock market. Trading gurus will tell you how simple it is to win. Winning is a glorious feeling , hence something you can pretty well control , handle , or take care of in your own fashion. In the winning mode , everything seems beautiful.

But losing , oh boy ! that is another world. No further elaboration of this feeling is needed , I suppose. If you have not come into this mode before , then that is great news …

Profits pretty well take care of themselves , losses don’t. This mean YOU must take care of the losses. Indeed , this is more a business of damage control that it is price exploitation. Control the losses , and you are probably going to come out a winner.

So , how do you control loss ? Always use a STOP LOSS during trading ! We were all taught this , didn’t we ? But lets face it , not every trader does that every time. Look , I do not like stops any better than you. I hate using them , but I use them. Always.