nobody!
nobody wants to lose.
nobody likes the feeling of a loss.
result?
we don't admit that we have lost!
and hence keep on going down.
--
i am reading
Reminiscences of a Stock Operator
a 1923 classic novel by Edwin Lefevre
(disguised biography of Jesse Livermore, ranked #15 on 'Fortune's 75 The Smartest Books We Know').
what i found very interesting was
the admission of jesse livermore
that he never mind losing
as he knew that he would
always make good profit "on balance".
--
only good losers can ultimately make it large in trading
not the bad losers!
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