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RE: Trading: Knowing When To Hold'em And When To Fold'em. By Gregory Mannarino
This is an excellent article. Getting in on the wrong side of a trade was the most challenging aspect of trading to me when I initially started. It is an issue that cannot be completely avoided and managing poor trades is somewhat of an art. Your perspective as to how these poor trades should be managed is key to exiting with minimal losses or even exiting unscathed.