"Never mistake knowledge for wisdom. One helps you make a living; the other helps you make a life." ~ Sandra Carey
It is not the end , recover losses by become an educator , signal seller , broker's staff , seminar seller , snake oil vendor selling the secret of success in the trading game or just write a few books on snake oil trading methods. The golden proverb of trading industry.
Even if a trader was given a profitable system , method or education on price action , technical analysis or trend trading , most traders would fail because of their psyche .This is what the trading industry does not want you to know , their marketing charlatans still keep promoting technical junk science as the key to success , that is only 20 % of the equation .Little knowledge is dangerous.
"It was never my thinking that made me the big money, it was my sitting" “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.” Jesse Livermore