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 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."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.