"To understand that the pain of losing will always be stronger than the joy brought from winning is very very important. The realization of this forces into focus that the most important reason for trading is not to feel intense joy or pain but to make money. It is easy to get addicted to the rush of winning and losing, but since winning is never as powerful as losing, one is much more likely to intervene and over-ride during a losing trade. This intervention by the trader will likely occur at the worst possible time."
~Woodshedder @ ibankcoin.com
http://www.ibankcoin.com/woodshedderblog/index.php/2009/03/20/confessions-of-a-system-trader-3202009/
Saturday, March 21, 2009
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