Good Traders Come to Terms With Risk

Last week's jobless claims rose by 17,000, the highest level since June. And if you recall, June was a pretty horrendous month for stocks, with the S&P falling 5%. Are we set up for a similar selloff? After all, the S&P is up 10% since that late-June low. 

I really don't see that as a possibility, though a trading plan should take into account the possibility of such a selloff. There are dissimilarities between successful professional traders and those who see trading more as an avocation. This latter group is very interested in trading. They really love the market and probably watch Fast Money and/or Mad Money. They may even tune into Fox News on Saturday to watch Bull and Bear. They are trading "enthusiasts." Simply put, they just love it! ...544 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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