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Quote of the Day

Posted By Barry Ritholtz On June 5, 2005 @ 1:30 pm In Psychology,Trading | Comments Disabled

Dow Jones reports more good advice from Lehman Brother’s chief technical analyst Jeff deGraaf in his daily note:

"If there is one lesson in the markets that I have learned over the years it is that ‘hoping’ is hopeless. Whenever you find yourself hoping, reverse the position. Don’t just close it out, but 180 that baby, put gravy on it and sit back and watch NASCAR."

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