Risk managment post from options for rookies

Mark from options for rookies has nice post discussing risk management here

He says that it's okay to take small losses. I completely agree with him. In face, losses are inevitable in trading. The key to being a successful trader is knowing when to take a loss and not let losses get out of hand. I'm still working to be more disciplined about taking losses and realizing that if I'm wrong I need to get out or adjust the trade and go on with the next trade.