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# loss-cutting2 quotes

LOSS-CUTTING

Ed Seykota taught me that it’s okay to be wrong, but it’s not okay to stay wrong.

disciplineloss-cuttingMarket Wizards, 1988

Never hold a Stage 4 stock and hope it turns around. Stage 4 stocks can go much further down than you think possible.

loss-cuttingrisk-managementSecrets for Profiting in Bull and Bear Markets, 1988