Every Loss is Permanent

Quote from dbphoenix:

Most traders lose. That hasn't been news for quite some time.
oh shit man, I'm done with you. Go away.

We're talking about losses, not how many fail.
 
it's really just a paucity of math

if it wasn't otherwise, a majority would be successful

and then it would be only "average" to be successful

and anyone who wasn't successful would be below "average"

it's a little off topic

I'm the world's worst chess player. I never even won a single match against the "Beginners" computer

but I read some books

and a guy won a tournament with practically nothing left but pawns

that's a lot of losses, big losses

but he won the match
 
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.

I walk into a casino and win 1K on roulette. The casino should shut down because that loss is permanent. The casino shareholders should really think about the implications, will shock them. LOL.
Casinos lose money a lot of the time too. Every one of those losses is permanent. But they still print money in the long run.
 
Nothing is permanent in the market. Traders, of all people, should know that.

Also it doesn't make sense to say "You will never see that 1k again", because money has no product differentiation. 1k is 1k, no matter where it came from. If your profits the next day are 1k, then by definition, you saw that 1k again. What matters is net gain over time.
 
another way to look at it

a man looses the woman he wants

there will be plenty of women to make up for the lost sex and good times

but is that woman lost forever?

hard to know

maybe just knowing her for that brief time was all you got out of the deal

is that a win, or a loss?
 
Quote from TskTsk:

Nothing is permanent in the market. Traders, of all people, should know that.

Also it doesn't make sense to say "You will never see that 1k again", because money has no product differentiation. 1k is 1k, no matter where it came from. If your profits the next day are 1k, then by definition, you saw that 1k again. What matters is net gain over time.
I hear ya, It's like when your dog takes off on the full moon after some coyotes, and you figure, "Well, I'll never see him again."

and he shows up next morning on the porch, waiting for breakfast (with a few chuncks of his ear chewed off.)
 
Quote from thesniper:

Every time you lose money in trading that loss is permanent - it disappears from you life forever.

Likewise, every win will remain in your account indefinitely......

:eek:
 
Quote from thesniper:

...
If you really think about this the implications will shock you.

OK Care to talk about what shocked you?

- ras72
 
Quote from Wide Tailz:

Likewise, every win will remain in your account indefinitely......

:eek:
good point

every penny I ever made trading is there for me

never, ever to be taken away

(at least in my perverted mind and memory)
 
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