Pain from loss vs. happiness from gain

B

bidask

My pain per dollar loss seems to be greater than the happiness per dollar gain.

For example, I feel more pain from losing $1 than the happiness I feel from making $1.

Do you all feel this way too?
 
that is true for me sometimes.

like today i have a position it's going my way. maybe i have a small position(1k) that's why or it's not up alot.

but having pain losing is a good thing, just make sure you cut that pain so it doesnt turn into a big pain.
 
clarification: i'm talking about realized gains and losses.

on unrealized gains and losses, i don't think i have a stronger feeling one way or the other. i think this is because i "know" that it's the eventual realized numbers that will matter.

Quote from bidask:

My pain per dollar loss seems to be greater than the happiness per dollar gain.

For example, I feel more pain from losing $1 than the happiness I feel from making $1.

Do you all feel this way too?
More...
 
Quote from bidask:

My pain per dollar loss seems to be greater than the happiness per dollar gain.

For example, I feel more pain from losing $1 than the happiness I feel from making $1.

Do you all feel this way too?
More...

The most important thing in trading, is to minimize losses. So your pain is a good thing.
 
IMHO

I really don’t care about gains or losses - they neither make me happy or sad


What I do care about is following my rules


And nothing PISSES me off more than to make, or lose - money and not have followed my rules


I use to have a problem with this – until I started punishing myself every time I broke a rule – no matter a win or a loss

Take Care
Redneck
 
You must log in or register to reply here.
Back
Top