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Difficulty taking stop losses
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Jason, John, and Daryl. Thanks all for your response. I've already read them several times knowing that your words come from the heart and experience. John, my wife read yours before me and said "Oh this is sad". We both paused for thought after that one. It was an outpouring that we need to re-read often I think. Jason: Beliefs. If we're looking for my reason I reckon you hit the nail on the head. I've been a computer programmer for 18 years...with a business degree...good companies are the fundamentally sound ones and logic is my mindset. So my current beliefs are that anyone who sells downs a great company must be crazy, surely the sensible people will see through this :). Alas not always how it happens as you know. My programmer background means I'm naturally drawn to trading. I don't think I can leave it alone. I'm totally off fund managers (another story) so I won't be going back there, in fact I see exiting all funds I used to be in as my greatest stop loss triumph to date. In this my first active trading year, I am well ahead of anything they ever did for me. But clearly I've got to work on my trading beliefs. Let some go. Take up new ones. Daryl's comment about special cases becoming 'normal'; Boy upon reflection I can cite one in particular. I had BSL which initially went down, too far, then it came back, and we actually made money. I feel this trade appeased my beliefs, from which I have suffered anguish since as others didn't behave the same. Anyway, my time must be up. Better get off the psyche couch. Thanks, Jim
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