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Trading Food For Thought
“After a devastating loss, I always play very small and try to get black ink, black ink. It's not how much money I make, but just getting my rhythm and confidence back. I shrink my size totally to a fifth or a tenth of the position that I trade normally. And it works. I think I ended up losing only $57,000 in November 1982, after taking a $600,000 hit on November 4.”
~ Marty Schwartz
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