Taking the L with a grain of salt

Discussion in 'Psychology' started by Bugsy, Jul 9, 2020.

  1. chasing losses - don't do it
     
    #11     Jul 10, 2020
  2. %%
    I don't like the word ''losses'' also;
    so I call them business expences Deal with a loss/business exspence for one day??
    One day is a small part of 10 years; do not over weight one day or week..
    Try looking @ charts much more, Bugsy.
    Good way to blow up or grind down an account to zero; use a stop loss but then you increased your stoploss by 100%.[from 1% to 2%]Swing traders risk $8 to make $24; but they don't change it intraday to risk $16 to make $48...………………………………………………………………………………………………..
     
    #12     Jul 12, 2020
    Bugsy likes this.
  3. Bugsy

    Bugsy

    I like that philosophy. Especially since deep down inside I already know it is the case. I ended up making my loss back the next day time 4. Thank you for the perspective.
     
    #13     Jul 12, 2020