Your information is always so useful and valuable! 

Your lions thank you Greg!

> Trading is, like anything else, all about the long run. Keeping losses to a minimum, (and riding your winners), is critical to becoming a successful trader.

Amen to that Greg. Too bad it's easier said than done! **RESTEEMED** :]

Thanks Greg

I don't do much stock trading but this was really useful and interesting.
Thank you Greg!

Thank you very much for sharing your experience with us for free. Resteeming!

I think I will pick choice 1 for gold and silver =)

Great article Greg. It deserves an standing ovation. I can't tell you how much money I would have saved if I hadn't done the exact opposite of this!

Brilliant post Mr. Mannarino! Upvoted & RESTEEMED :)

You get zero points for being "right", the market does not care if you are "right".  You only either make money or lose money.  The biggest losses come when you hold a losing position because you know you are "right".  Trades are like a bus, there will be another one coming along soon, make sure you have the fare to ride the next one.

Nice article you are Absolutely right sir loss is the part of the business and in trading to close the positions with minimal loss is also very important.

I always tell people trading is like gambling. It's very important to know when to hold and when to fold! Holding when you have to fold is just as bad as folding when you have to hold! Thanks a lot for this. Very well-written and useful... Following...

Thanks Greg.

Wow, smart move and awesome advice! Thank you

Brilliant post Greg. You got an upvote and a resteem from me ;)

You're doing great Greg. Ipkiss approves! 

https://media.giphy.com/media/F56tNEGsltde/giphy.gif

some great points to consider :)

You make it look easy but I know it's not.

The poker analogy and mindset is very helpful. Thank you.

It is not always about maximizing gains. There are times when it is difficult to make gains so the alternative would be to limit the losses. It is a dual problem: maximize gains **and** limit losses.

Tough to take those losses, no matter how small. Leading by example - well done G.

Yes, you have to cut losses as much as you can.

Thanks for sharing.  May your winners dwarf your losers!!!

Things i learned from Greg Mannarino's books ........

phenomenal  advice!   I appreciate your wisdom Greg!

Great lesson and words of wisdom.  Thanks so much!

Didn't Kenny rogers sing about the same thing, sorry about that couldn't help it . Cheers mike

When it come to trading stock I like opening short put instead of open buy spot. If the price go up I can profit from premium but if it go down then I can buy back the stock at a lower price.

Thanks for another great post Greg.

Keep em coming please.

THAT WAS SOUND ADVICE

Greg  of the 4 choices which one do you use the must?

Nothing better than scratching a trade and knowing you probably saved yourself from a bigger loss!

You make it look easy but I know it's not !!!

I think as traders, we must not forget the key rule: keep your emotions out of your trades. Emotions and investments don't mix very well. Pretty much just leads to regretful buys and sells. Speaking from experience :'(

Thank you Greg!

I do not trade stocks, anymore, but always look forward, to your , "be your own central banker" and physical silver, advice.

I am a trader as well and can tell you that the market never plays out how you want it to, but you could def. have an idea @maerketreport thanks for sharing!

Hi Greg,
I'm not a trader....maybe someday when it's not all out of WACK. Until then I'll just STACK!
Thanks for your insights into trading though, Keep up the GREAT job brother!! :C)

@marketreport like with anything you can't win all the time, playing smart is the key.

This is an excellent article.  Getting in on the wrong side of a trade was the most challenging aspect of trading to me when I initially started.  It is an issue that cannot be completely avoided and managing poor trades is somewhat of an art.  Your perspective as to how these poor trades should be managed is key to exiting with minimal losses or even exiting unscathed.