Incredible Interview!!!

If you haven't heard the new interview at traderinterviews.com, you need to check it out immediately. The interview is with a former hedge fund manager who has been in the industry for over 25 years, he writes daily on his blog at upsidetrader.blogspot.com. In his interview there were a coouple of key things he touched on that really hit home:
-"You should never try to press yourself or your trade to try and catch up." That is my problem, if I lose one day, the next day I try and make it all back up and more and I end up losing more, it is a continuos cycle.
-"Cut losses and make them very tight if you want to live to fight another day."
Case in point: my three biggest losses that have destroyed my portfolio could all have been prevented if I cut my losses and not HOPE that they are going to rebound. He said something like, If you cut you losses on a stock then Oh well, there are thirty other stocks out there that you can play.
Anyways, you should check out that interview, it will only help with improving your trading.