so the "escuses" a trader who actually wants to lose money, would give are:
- expect a bounce back
- not wanting to admit to a mistake
- "inertia" : trader lose interest in the losing trade
- hope of a positive outcome
The "tyran" here being the strong desire of losing money
The lamb : the capital to be saved.
"A trader wanted to lose his money trading.
He saw his capital and started to trade.
There was then a losing trade.
Now was his opportunity to completely destroy his capital.
Because he could not say the truth, he gave spurious reasons:
- well, I am sure the trade will come back
To this the market kept going against him.
- well, I am no longer interested in this trade
To this the loss kept building
- well, if I do not take the loss, then I was not wrong
To this the loss kept building
- well, may be it could really come back
To this the account blew up".
Moral of the fable : if a trader goes into a trading session to lose,
he will find every escuse to not cut his losses.
