You tell them to "average up" or "cut loss" and they think you are a loonie. Any idea?
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Why "average down" comes naturally to the average Joe?
- Thread starter turkeyneck
- Start date
honestly this is a hard one for me even though im pretty new myself
ive never had this problem, but if i were to guess i think it's some form of denial?
they cant deal with being wrong.. they think trading has something to do with being right? so when they get hit with the reality they create some sort of illusion that its going to come back up? so they stupidly keep buying into their loss.
i stopped creating illusions in order to deal with reality a long time ago, perhaps that's why i dont average down
oh btw, do you have a turkey neck? or are you just very fond of them? or maybe its slang for something else? just curious..
ive never had this problem, but if i were to guess i think it's some form of denial?
they cant deal with being wrong.. they think trading has something to do with being right? so when they get hit with the reality they create some sort of illusion that its going to come back up? so they stupidly keep buying into their loss.
i stopped creating illusions in order to deal with reality a long time ago, perhaps that's why i dont average down
oh btw, do you have a turkey neck? or are you just very fond of them? or maybe its slang for something else? just curious..
Quote from antincedo:
honestly this is a hard one for me even though im pretty new myself
ive never had this problem, but if i were to guess i think it's some form of denial?
they cant deal with being wrong.. they think trading has something to do with being right? so when they get hit with the reality they create some sort of illusion that its going to come back up? so they stupidly keep buying into their loss.
i stopped creating illusions in order to deal with reality a long time ago, perhaps that's why i dont average down
oh btw, do you have a turkey neck? or are you just very fond of them? or maybe its slang for something else? just curious..
Perhaps "Old Turkey" from Reminiscences of a Stock Operator?
Instant gratification and "it won't happen to me".
TV
TV
Averaging down killed more Jews than Hitler.