Oh my god you are such a fucking clueless moron. Who gives a flying shit what the reasons are according to you, you dumbass? I don't have a problem cutting my losers, and neither do a bunch of other people on these forums. The fact that you seem to think that you're holding some type of holy grail in your opinion is screaming out how inexperienced and clueless you actually are. Seriously dude, stop before you embarrass yourself further.
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I have a serious problem: I don't take a loss
- Thread starter BPtrader
- Start date
Oh my god you are such a fucking clueless moron. Who gives a flying shit what the reasons are according to you, you dumbass? I don't have a problem cutting my losers, and neither do a bunch of other people on these forums. The fact that you seem to think that you're holding some type of holy grail in your opinion is screaming out how inexperienced and clueless you actually are. Seriously dude, stop before you embarrass yourself further.
OP, ya do do have a serious problem, and its called "You're a Douche bag"
cheers.
cheers.
Quote from FB123:
I don't have a problem cutting my losers,
I can categorically tell you this: You DO have a problem cutting your losers, IF, a big IF, you are a trader.
All traders know you ARE lying when you say that.
You have just embarassed yourself, but you may not know that, because you are not a trader. A lot of your words are cut and paste type of materials.
I don't think you trade, am I right?
Quote from BPtrader:
I can categorically tell you this: You DO have a problem cutting your losers.
All traders know you ARE lying when you say that.
You have just embarassed yourself, but you may not know that, because you are not a trader. A lot of your words are cut and paste type of materials.
I don't think you trade, am I right?
Ha ha ha ha ha ha ha ha ha ha ha... you really are amusing. Alright, I have had all I can handle with you. I would bet a hell of a lot of money that you will NEVER, EVER make it as a trader. EVER. You are so full of shit it's not even funny.
Quote from FB123:
Ha ha ha ha ha ha ha ha ha ha ha... you really are amusing. Alright, I have had all I can handle with you. I would bet a hell of a lot of money that you will NEVER, EVER make it as a trader. EVER.
Your assumption is WRONG again.
I just posted that I am making money, but you idiot doesn't read.
You are a hopeless idiot!
Quote from BPtrader:
you can't read? it's in the wikipedia. what you read is what you get.
Again, loss aversion cannot explain why a trader lets a loss grow.
Wikipedia:
Quote from Wikipedia:
In prospect theory, loss aversion refers to people's tendency to strongly prefer avoiding losses to acquiring gains. Some studies suggest that losses are twice as powerful, psychologically, as gains. Loss aversion was first convincingly demonstrated by Amos Tversky and Daniel Kahneman.
This leads to risk aversion when people evaluate a possible gain; since people prefer avoiding losses to making gains. Conversely people strongly prefer risks that might possibly mitigate a loss (called risk seeking behavior).
Loss aversion may also explain sunk cost effects.
Loss aversion implies that one who loses $100 will lose more satisfaction than another person will gain satisfaction from a $100 windfall.
Compare to my previous post:
Quote from LoveOfProfit:
Actually you misunderstand loss aversion. While it would be logical to cut your losses if you were consciously loss-averse, loss aversion simply means a dislike for taking losses.
Given a portfolio with two stocks, one that has gained in value and one that has lost value, most people will sell the stock that has gained, and will refuse to sell the stock that has lost value. Losses hurt, and most people can't take it with a cool head and no emotion.
Again, let me highlight a part of the wikipedia quote:
"Conversely people strongly prefer risks that might possibly mitigate a loss (called risk seeking behavior)."
Not cutting your losses is exposing yourself to more risk, because they prefer to take the chance that the stock will turn around than to cut their losses.
It's this very risk seeking behavior which stems from loss aversion that explains why many people can't accept a loss.
If you still don't understand, please tell me what stocks you're trading so that I may profit off your mistakes.