Every Loss is Permanent

thesniper said:
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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This is loser think. This is how losers stay losers, by focusing or obsessing on the negative and ignoring the positive.

If every loss is permanent, then so is every gain. And since gains and losses are opposites that cancel each other out,, wgaf about a loss as long as you're net positive. Only losers fret over losses forever.
 
Zr1Trader said:
So say I have 1 Trillion USD and burned it. It would make everyone elses USD worth a little more therefore transferring wealth to them at my expense.

There is only one pie and if my piece of the pie gets smaller, yours get's bigger vice versa.

I guess maybe our definitions of wealth may be the problem. I'm speaking about wealth of the whole world . Your talking about wealth of the individual

by the way Buffet is where I learned that saying. So he must be incorrect too?
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So according to your theory, the world today is no wealthier than it was 10,000 years ago.

Okey dokey :D
 
kut2k2 said:
So according to your theory, the world today is no wealthier than it was 10,000 years ago.

Okey dokey :D
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Your defining wealth as " value" "love" "Ease of life through advances in technology"

I'm terming wealth as a unit of account.

We are on two different pages but that's ok, have a good day.
 
To me, despite that we making loss in trade most of the time, it doesn't stop us from trying harder to make profit in our next trade. I will advice traders to be optimistic about the future, especially when comes to forex trading.
 
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