Every Loss is Permanent

Quote from stock777:

probably the most useful et thread in years right here .

tells ya something , dont it.
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no kidding

90% of all life just goes on inside your head

If you watch a man's life, it isn't that interesting

He wakes up, goes somewhere, does something, goes home and goes to sleep

Yet, some days seem to be quite exciting

and it all went on just inside his head
 
I hear George Soros lost money trading currencies for 4 yrs...before he turned it around :cool:

Was he thinking, this is a permanent 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.
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+1

In another thread the OP says he's quitting so it looks like this thread is his big FU to trading. :p
 
That’s an interesting way to think about it. Every loss and win is permanent, but we need to take the risk to make money. If we lose money, we took a calculated risk. Casinos lose money but the odds are stacked in their favor so they know over time the gains will be more than the losses. That’s the key.
 
Quote from kid.fx.cross:

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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Unless you happen to start a career at a broker that ends up with a 50 year maximum security prison sentence after stealing $212 million from 24,000 people.

That could be why if your career starts up 400% leveraged as the Number 1 CTA another unexpected life-changing moment.
 
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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"Wealth isn't created or destroyed, only transferred. "


In 08 a lot billionaires saw big drawdowns on paper. Was it lost forever? Most now are ahead from where they were.
 
Any $ lost or spent is gone. You can't recoup that money, un-spend it or un-lose it. That $ is gone forever, however, you can make more $. I get the OP's message and agree wholeheartedly. Don't put $ out there at risk stupidly while saying to yourself "WTF, I'll make it up later". On the other hand, a trading account's purpose is a good risk. A good risk..a good risk :)
 
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