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TUESDAY MAY 27
How To Get Unlucky “Losing money was no simple matter. It took months of hard work and careful misplanning. A person misplaced, disorganized, miscalculated, overlooked everything and opened every loophole and just when he thought he had it made, the government gave him a lake, or a forest or an oil field and spoiled everything. But even with such handicaps, he could be relied on to run the most prosperous enterprise into the ground. He was a self-made man who owed his lack of success to nobody.” – Joseph Heller, Catch 22. What few people realize is that getting unlucky is often just as difficult as going the other way. In this classic, trader-themed story out in today’s Wall Street Journal, here’s how Bear boldly defied the odds. May 2008New User?Sign up to get free access to TraderDaily.com
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