no kidding 90% of all life just goes on inside your head If you watch a man's life, it isn't that interesting He wakes up, goes somewhere, does something, goes home and goes to sleep Yet, some days seem to be quite exciting and it all went on just inside his head
I hear George Soros lost money trading currencies for 4 yrs...before he turned it around Was he thinking, this is a permanent loss???
+1 In another thread the OP says he's quitting so it looks like this thread is his big FU to trading.
Well, in another thread, OP said he quit...in 2011 http://www.elitetrader.com/vb/showthread.php?s=&threadid=220513
Thatâs an interesting way to think about it. Every loss and win is permanent, but we need to take the risk to make money. If we lose money, we took a calculated risk. Casinos lose money but the odds are stacked in their favor so they know over time the gains will be more than the losses. Thatâs the key.
Unless you happen to start a career at a broker that ends up with a 50 year maximum security prison sentence after stealing $212 million from 24,000 people. That could be why if your career starts up 400% leveraged as the Number 1 CTA another unexpected life-changing moment.
"Wealth isn't created or destroyed, only transferred. " In 08 a lot billionaires saw big drawdowns on paper. Was it lost forever? Most now are ahead from where they were.
Any $ lost or spent is gone. You can't recoup that money, un-spend it or un-lose it. That $ is gone forever, however, you can make more $. I get the OP's message and agree wholeheartedly. Don't put $ out there at risk stupidly while saying to yourself "WTF, I'll make it up later". On the other hand, a trading account's purpose is a good risk. A good risk..a good risk