Wits end,
I don't like yr sarcasm and hate yr attitude of dropping unwelcomed farts in our discussions. BUt this last post of yrs has some valid points. Developing a risk management strategy and sticking to it comes late for starters. They learn from their mistakes however costly the process will be. They cannot accept the loss and short-term trade becomes a longer term. Thats the psycological part of trading/investing.

Have a constructive attitude dude......nobody is loosing yr money.