Since I started in this business, I have seen a number of traders who ended up committing suicide or being homeless. The one trait they shared was that they had the gamblers mentality. When they were losing, they were always looking for that one trade that would make it all back. I learned early on that you can’t do that. This is a business where you have to work. This is what I do. Every day I make hundreds of transactions. I grind out the returns. If you look at my daily returns, you will see there are very few big up days.
Larry Benedict
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