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The Guts and Glory of Day Trading: True stories of day traders who made (or lost) $1,000,000 by Mark Ingebretsen

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Chapter Eight – Betting It All – Mary Pugh: The Quintessential Contrarian

What would you do if you’d lost millions in a single stock – a stock of a company very few people had even heard of, one that had dropped by 80 percent? True enough, your gains in the stock still totalled well over $1 million. You could sell right now and call yourself a winner. So would you sell? Or would you hold and risk having the price drop further? Is that your final answer?

This was precisely the dilemma that faced Connecticut investor Mary Pugh in May 2000. Pugh trades from her elegant prairie-style home on the Connecticut shoreline, at times using up to four large-screen monitors that keep her focussed on the markets and chat threads on RagingBull.com, where ...

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