Stock Market Samurai continued
Another important lesson for the stock market samurai:
Lesson #5: Escape is half of the battle
To get rid of villains and knaves, it is necessary to give them a way out. If you don’t give them any leeway at all, they will be like trapped rats. If every way out is closed to them, they will chew up everything good. Similarly, you cannot lose if you close half of a position. If the trade turns against you, you were wise to close half. If the trade continues in your favor, then you were wise to close only half.
