One trade closed tonight. Another one Euro short just opened

Previous position update...
...Stops moved (trailing by hand): SL to 1.2835 TP - 1.2747

Stop lose hit point in point. That trade closed.
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New trade entered here:
11/16/2006 6:18:49 AM Sell EURO USD 1.281
SL to 1.2836 TP - 1.2747
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What i m doing this month as a veritable forex loser trader:
The old adage "You have to have money to make money" is true. Without the necessary starting capital, i used taking too great risk in the past for too little reward. Now i m considering my risk/reward profile for EVERY trade. Better FOR ME is a very close Stop Lose. Before counting my profits, considering first what i have to lose in the event the trade goes against me. Mean time i m improving myself on a better Stop lose point calculation for every trade.
As a trader i m in business for myself and i must proceed accordingly by preserving my capital.
Great quote about trader evolution to stick (don t know its autor):
1. first you learn how to lose money
2. then you learn how not to lose money
3. then you learn how to make money
.. .most traders stay at (1.) and then eventually quit

I think i should mention some stats data: 10 November. No currencies traded today 62 pips - Euro long position closed by stop lose -25 pips + Forex markets another day in paradise 12 (with 3 earned pips on rollover) = 49 pips profit for November.
The updated trades score losers to winners up to now 6 / 3.