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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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Jim Berg and John Atkinson are Authorised Representatives (AR Nos. 322724 and 1251439) and ShareTradingEducation™.com Pty Ltd (“STE”) is a Corporate Authorised Representative (CAR No. 322726) of Longhou Capital Markets Pty Ltd, Australian Financial Services Licence AFSL 292 464. Examples from the Australian and USA markets are provided to demonstrate that Jim Berg’s principles may be used globally. This educational material is from an Australian source and complies with Australian law and not necessarily any other (local) law. Direct investing in the stock market can result in financial loss. STE products have been prepared for the general information of investors and do not take into account the investment objectives, financial situation and particular needs of any particular person. Persons intending to act on information in STE's products should seek professional advice to confirm that the investments or strategies mentioned are appropriate in the light of their particular investment needs, objectives and financial circumstances prior to taking any action. Refer also to the full Customer Caution Notice in our Terms and Conditions.