How to control ourself when we lose money?
- Thread starter Volfixtrader
- Start date
Yeah, why work for monies when you can just steal it? Can't chance breaking their fingernails and getting a strain making burgers. That is back breaking work. Easier to just take things since, Democrat mayors and governors already told police to stand down.
I wonder if those idiots know the money is kept behind a steel vault? So stupid, now they're going to be wanted by the FBI for stealing nothing! But hey, at least they are proving a point
If somebody trained their brain to be discipline in any case it will help. Unfortunately majority can't do it.
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Usually people lose their head in both variants: when they win and when they lost. There are alot of stories what happened with people who won big money in lottery.
Becoming disciplined about all aspects of trading... is a MAJOR challenge! As for "majority can't do it"... I suggest most haven't tried hard enough, if they've tried at all. I sometimes get the feeling that traders kind of "get involved" in the markets and hope that by osmosis or other that it finally all just comes together for them... like having an epiphany by getting struck by lightning or finding the mother lode. Doubt it works for anybody that way.
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there is opinion in economics science about "homo economicus" (R. Thaler) people who always make correct rational solutions. In the real life we have situations which were described by Soros about regular overestimation and underestimation which often happen on the markets. This is why prices sometimes do something critical that not suitable for standard systems of deviations, and not in the frame of fundamental reasons.
We sometimes naive when thinking we can control our losses or our behaviour during big losses. So the topic was about that we sometimes make irrational choice based on situation in which we trapped, and often our conclusions and actions aren't logical.
And one of the solution is decreasing of impact such cognitive traps by decreasing of sizing or bets.
The only money most branches hold overnight nowadays are in the cash machines and safety deposit lock boxes.I wonder if those idiots know the money is kept behind a steel vault? So stupid, now they're going to be wanted by the FBI for stealing nothing! But hey, at least they are proving a point
Or just exit. Works for me.