Hey Skylady,
Thanks for brings this up, this is a very good subject that all newbies and even veterans to this industry should always refresh on. It is easy to let a success of an investment to go to your heard and make you want to "bet a little more" on a certain program, and that is where losses begin to happen. I have also seen many new people in my short time here, loose so much in one program or put to much trust in one persons word. Despite all your best efforts to avoid losses, in this industry, sooner or later the bulls you are running with like the rest of us are, will run faster than you can, and you will fall occasionally, believe me everyone, everyone will loose at one point or another. The main thing is whether you give in to a lose, or even worse, repeat the mistake.
Some of us of course like to roll the dice a bit longer, including me, and it does have its obvious pitfalls, but depending on your math skills, contacts, and a little bit of luck, you can reap big rewards by betting a little more. But again, a newbie should never start out doing that, since it can easily wipe out your money quickly. It also depends on your "risk tolerance" is, and what your goals and priorities are in life.
-Darcy Cardinal