I Don't Let These Losses Turn Into Portfolio Destroying Losses

Jim Cevallos: I got out really good in 2000 as well. But one of the other problems that you can run into is I kept on going in really heavy. Every time there was any whiff of a rally, I would go in really heavy back on margin so quickly. By the time I got out in 2000 and 2003, the follow through day happened, I was down 50%. Just from, you know, and that's after getting out good,. He says he just whittled away at it and lost so much on the way down because he was trying to go into heavy so quick.