The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.

成功交易的要素包括：1、减少亏损；2、减少亏损；3、减少亏损。如果你能做到这三条，你还有些机会。

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youdao

Third, and cutting in the opposite direction, if we don't take action, global warming won't stop in 2100: temperatures, and losses, will continue to rise.

第三，换一个思路，如果我们不采取行动，全球变暖不会在2100年停下来：温度、损失都会继续上升。

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But you have to know when you have something worth selling, and when you cutting losses is the right investment decision.

FORBES: Tough Truth About Defensive Exits

Or when the hope of cutting losses recedes, as happened with Xerox (nyse: XRX - news - people).

FORBES: Keep the Faith

By addressing risk, sticking closely to rules, cutting losses quickly, and investing lightly, we will survive this difficult market and somewhere down the road we will see another true bull market.

FORBES: Proper Risk Assessment Exposes A Rally's True Character