Most of you know that the trading game is intense. Most of you at least understand the fact that 90% of this game is mental. In fact, because you are out there "doing it alone" it's the toughest one on one job I've ever seen. There is no team to support you, you have to make decisions on a daily basis and those decisions are based on real money. YOUR money.

The single biggest problem people have is not being able to take a loss. It's just that simple folks. People hate to admit to themselves that they've guessed wrong and will let a bad trade get worse because they don't want to take the loss and move on. Being stubborn in that regard has hurt more traders than any single trading issue on earth.

If you've been with us for any length of time, you see that we are generally very fast to pull the plug. If something's going the wrong way, we eat our pride and pull the trigger. Now consider this. When you make a bad trade, you swallow your pride and dump the position so you can go fight another day. When we do it, we have to put it in the letter and EVERYONE gets to see it. Talk about pressure!

The only way to survive in this game is to be proactive. When a position goes against you, you take a small loss and move on. Don't dwell on it, just go forward. No one ever gets it all right. No one. So, don't let a small loss of say 50 cents or a buck, turn into a 4, 5, 10 dollar loss. Rack up a few of them and your trading account will bite the dust. When you are wrong, face the music, admit you went wrong and get the heck out of Dodge. If you minimize the losses, you can have several of them in a row, and one decent gainer will outpace all of it and you will have made money. Sell the losers quickly.

For a FREE report on HOW TO TRADE FAST, enter your email address at:

http://lb.bcentral.com/ex/manage/subscriberprefs?customerid=12826