By Daily Crux Editor Justin Brill:

Two long-standing tenets of successful trading are "let your winners run," and "keep your losses small." You'd be hard-pressed to find a successful trader who hasn't followed them, yet they're two of the most difficult rules for novice investors to follow.

This classic piece titled The Babe Ruth Effect from Credit Suisse discusses just this problem, and provides some great advice for taking your trading to the next level.

The title references the fact that Babe Ruth struck out often, but was one of baseball's greatest hitters because of how well he hit the ball when he didn't.

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