What is the ultimate rationalization of a trader in a losing position? “I’ll get out when I’m even.” Why is getting out even so important? Because it protects the ego. I became a winning trader when I was able to say, “To hell with my ego, making money is more important.”
– Martin Schwartz , Market Wizards by Jack Schwager
A stop automatically takes your brain out of reverse and puts it into neutral. Your money’s not back to neutral, but your mind’s back to the point where you can regroup and try to think up a fresh idea without the pressure of a losing position hanging over your head.
– Martin Schwartz, Pit Bull
Use the form below to search the site:
Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!
A few highly recommended friends...
All entries, chronologically...
