Coming Back From A Loss
5 Aug 2012 9:12 AM
In our ‘Investing & Online Trading’ mentoring-style Newsletter we primarily focus on Jim Berg’s trading strategies. From time to time we also include input from some other recognised traders from around the world.
Larry Levin is a professional futures trader. He has been in and around the S&P 500 futures pit at the largest futures exchange in the world; the Chicago Mercantile Exchange (CME), for almost 20 years.
We thank Larry Levin for his thoughts on the following:
' A friend of mine in the pit had been having a rough time lately when he asked me a typical question among us traders - How do I come back from a loss?
Since he had been having a "rough patch" and not just one bad trade, I gave him the following advice that is to be used over a period of time: ........'
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5 Aug 12article120806.pdf