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Quote of The Day:
"The first step I took in that direction was to adopt what I called my quick-loss weapon. I already knew that I would be wrong half of the time. Why not accept my mistakes realistically and sell immediately at a small loss? If I bought a stock at 25, why not at the same time order the stock to be sold if it returned below 24? I knew that many times I would be stopped out for the sake of a point just to see my stock climb up immediately after. But I realized that this was not as important as stopping the big losses. Besides, I could always buy back the stock—by paying a higher price."
- Nicolas Darvas
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