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There is another side to this, too.


When I trade a system, I am not trying to predict in which direction a market is going. I am merely reacting to something that has happened in the past. It is an important distinction to remember.


If a trade goes against me, then the system should get me out when it is ready to get me out. Minimising losses should be part of any good system. If a trade goes in my direction, then I'll have an extra ice cream that weekend.


KH


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