I've had a couple of good weeks for profits and have totally devastated a lot of those profits to an ill mind set and hope. $BLIN was a purchase I made in the afternoon and as it faded I "hoped" volume would come in and make it better. This was a devastating loss mostly because I just sat there and let it happen. Then comes along $AIPT and I read the news of a European patent granted to them. For some reason my brain interpreted this as something equivalent to a FDA approval and I took a larger than usual position and my stubborn mindset was not altered even with steady and cosistent declining price action. I did mange to finally overcome my "hope" but it was too late. In reviewing trades of great traders like Roland I notice that losses are cut very rapidly and this is the rule. Moving into this week I will be much more aware of that. I have posted a sign on my office wall - "CUT LOSSES QUICKYL" in red, bold and underlined. I have also tinkered with my brokers trading platform to develop a strategy of having any play I make in 2 open windows. 1 for loss prevention and one for taking profit. I will set out with a much more concrete and disciplined strategy this week. Trade smart my friends!!