It's nice to see different versions of the same fable. <iframe width="640" height="390" src="//www.youtube.com/embed/53xPlyc9rDo" frameborder="0" allowfullscreen></iframe>
so the "escuses" a trader who actually wants to lose money, would give are: - expect a bounce back - not wanting to admit to a mistake - "inertia" : trader lose interest in the losing trade - hope of a positive outcome The "tyran" here being the strong desire of losing money The lamb : the capital to be saved. "A trader wanted to lose his money trading. He saw his capital and started to trade. There was then a losing trade. Now was his opportunity to completely destroy his capital. Because he could not say the truth, he gave spurious reasons: - well, I am sure the trade will come back To this the market kept going against him. - well, I am no longer interested in this trade To this the loss kept building - well, if I do not take the loss, then I was not wrong To this the loss kept building - well, may be it could really come back To this the account blew up". Moral of the fable : if a trader goes into a trading session to lose, he will find every escuse to not cut his losses.
The Bat & the Weasle <iframe width="640" height="390" src="//www.youtube.com/embed/boOKz0MBRlE" frameborder="0" allowfullscreen></iframe> Bat : capital put at work ( one trade) Weasle : attempt at keeping the loser running " a trade was put in as a long. the trade turned into negative territory. The trade pleaded it was no longer a long, but had to be a short. On this the trader cut his loss as quick as possible. then another trade was put in, but a short, The trade turned again into negative territory. The trade p&l pleaded it was no longer a short, but had to be a long. On this the trader cut his loss as quickly as possible. Moral of the story : It is wise to turn circumstances to one's favor".
The Ass and the Grasshopper <iframe width="640" height="390" src="//www.youtube.com/embed/tl0Xcj7JOvM" frameborder="0" allowfullscreen></iframe> The Ass : one long Term Trader Grasshoper : one Daytrader " a long term trader saw a daytrader enjoying his trading and living off it. The long term trader asked the daytrader : "how do you do that" The daytrader explained he was taking trades during the day only and getting flat at the end of each session. The long term trader thus started. One day, ... and one week later : his account was blown. Moral of the story : if you eat long term trades, you might starve looking to eat as a daytrader". This one is really good. This is really a fun way to review trading principles!lol.
Looking for the trade fable for this one: <iframe width="640" height="390" src="//www.youtube.com/embed/rGCvtuPqXvQ" frameborder="0" allowfullscreen></iframe>
"A trader has different trading strategies. Then he decides to get rid of one of these, as it is always a loser. But for some reasons, just decide to keep it aside and give a daily thought on it. Time passes. Then comes a time where the trader can't get any of his strategies working. Famine time coming and he is even thinking of closing shops. Then he sees notes about this strategy he completely forgot about. He applies this strategy and saves his trading career. "
Just finished the fables of Aesops. After this mental calming, now back to making progress on The book. Sorry to hear about what happened and your hospital stay just off the plane and the serious illness. Very well done to have turned this around. And yes, I am putting on to do list " send my libraries ( except the dodgy titles) to the various places of education you opened. I will get in touch with b.....". Your blog and email accounts being messed up ? means your computer has been hacked : time to change your isp and router, and actually really learn about computers and network hacking.
Belly full, beautiful & healthy ( mentally, physically & spiritually) people around, nice weather Now time for some trading "education", in the form of reading. This place really has something going for.
Starting the day : reminder about good behavior. A daily of this to keep me on the right path on a daily basis. <iframe width="640" height="390" src="//www.youtube.com/embed/Nsd64zyTgAs" frameborder="0" allowfullscreen></iframe>
Now I am starting to understand why some back home are not that sure about travelling down there. <iframe width="640" height="390" src="//www.youtube.com/embed/1h22SfQZl70" frameborder="0" allowfullscreen></iframe> <iframe width="640" height="390" src="//www.youtube.com/embed/JZg8dJzxlnA" frameborder="0" allowfullscreen></iframe> <iframe width="640" height="390" src="//www.youtube.com/embed/9v7ijbXs5BU" frameborder="0" allowfullscreen></iframe>