The worst thing you can do in a trade is try to get back to even. I call that the 'prayer trade.' I can spot guys on the floor who have it on because they shake back and forth, basically in prayer, mumbling, 'Oh, please God, just let it come back to me. Let me break even.' What is that? Break even? That’s a loser. I’m not in this business to break even. There’s always opportunity in the markets, so forget breaking even. If breaking even is your goal, you’re not trading anymore.
- James Lackey
So true!
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