RJ Hamster
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Peter,We have great news! Applications for our 2026 Stand for Children Arizona Renaissance Scholarship are now open! We’re so excited to have the opportunity to celebrate four more outstanding first-generation college students this May and award them with life-changing $20,000 scholarships to attend college! The scholarship is open to students from Arizona who are first generation college bound, identify as Latino or Native American, have a history of supporting their community, and can demonstrate financial need. 

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I’m sitting here down 80% on two trades, and my inbox is filling up with the same question: “Don, what are you gonna do?”The answer is absolutely nothing.My XLF position is getting crushed. Silver trade looks like it’s headed for the graveyard. And I’m not lifting a finger to “save” either one.Here’s why that’s exactly the right move – and why your urge to fix losing trades is killing your account.Fix Is a Four-Letter Word“Fix” is a very dirty word in this business.People convince themselves that fixing something isn’t just throwing good capital down a bad hole. But that’s exactly what it is.When you’re staring at a losing trade, your brain starts manufacturing reasons to add more money. “If I just roll it out…” “If I add some protection…” “If I turn it into a butterfly…”Stop. You’re about to make the expensive mistake that separates amateurs from professionals.The Allocation Rule That Changes EverythingHere’s the rule that keeps me sleeping at night with two 80% losers on the books:If you risk $500 in one trade, you risk $500 in every single trade.Not $200 on the “safe” trade and $800 on your “high conviction” play. Not $500 usually but $1000 when you’re “really sure.” Exactly $500, every time.Most traders treat position sizing like a volume knob – turning it up when they feel confident, down when they’re scared. That’s backwards thinking that guarantees you’ll blow up your account.