Every Loss is Permanent

T

thesniper

Every time you lose money in trading that loss is permanent - it disappears from you life forever. Lets say you lose 1k - you will never see that 1k ever again in your life. You may think (via cognitive dissonance) that you can always recover by making a 1k profit on the next trade but you that would be impossible.
If you really think about this the implications will shock you.
 
Quote from actionzip54:

Every gain is permanent too.

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Technically true but a gain automatically creates a tax liability of at least 30%. And after living expenses you're probably not left with much unless you're trading huge size.
 
Quote from thesniper:

Every time you lose money in trading that loss is permanent - it disappears from you life forever. Lets say you lose 1k - you will never see that 1k ever again in your life. You may think (via cognitive dissonance) that you can always recover by making a 1k profit on the next trade but you that would be impossible.
If you really think about this the implications will shock you.
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you could make the same case for a war if you were the general. Everytime a soldier is killed, he is dead, never to return again to his mother, gone, poof.
 
Quote from thesniper:

Technically true but a gain automatically creates a tax liability of at least 30%. And after living expenses you're probably not left with much unless you're trading huge size.
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That's not true, in many places it creates a tax liability of 0%, and in probably most places the tax liability is below 30%. Your losses deduct from your gains before you get taxed as well, hence the famous quote from Emg :

"95% of small traders trade tax free, they just do !"
 
Quote from thesniper:

Every time you lose money in trading that loss is permanent - it disappears from you life forever. Lets say you lose 1k - you will never see that 1k ever again in your life. You may think (via cognitive dissonance) that you can always recover by making a 1k profit on the next trade but you that would be impossible.
If you really think about this the implications will shock you.
More...
wins and losses thrown into a bowl create a puddle it either all spills out or you need a bigger bowl,don't dwell on the wins or losses individually,just dwell on needing a bigger bowl
 
Quote from dbphoenix:

Not really. Most traders will crap it away almost immediately.
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I don't know who you think you are fooling, but it's starting to get a little old. Have you done any extensive research on "most traders"? Or is that just another piece of shit you pulled out of your ass?

We're talking about losses. Not what you think "most traders" do.

If you want to talk about what you do, fine, but don't pretend to be an expert on "most traders" unless you have interviewed them and audited their accounts.
 
Quote from kid.fx.cross:

I don't know who you think you are fooling, but it's starting to get a little old. Have you done any extensive research on "most traders"? Or is that just another piece of shit you pulled out of your ass?

We're talking about losses. Not what you think "most traders" do.

If you want to talk about what you do, fine, but don't pretend to be an expert on "most traders" unless you have interviewed them and audited their accounts.
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Most traders lose. That hasn't been news for quite some time.
 
Quote from thesniper:

Every time you lose money in trading that loss is permanent - it disappears from you life forever. Lets say you lose 1k - you will never see that 1k ever again in your life. You may think (via cognitive dissonance) that you can always recover by making a 1k profit on the next trade but you that would be impossible.
If you really think about this the implications will shock you.
More...
otherwise, yes, especially on a bad night, I've often thought about that myself

I very rarely take profits, but I take losses almost daily

and there it is, in the "realized" pnl, never to be seen again
 
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