I have gotten some constructive criticism on the topic of worst case scenarios. I said I do not think about it, I accept it and move on. I will admit I am not always a very effective communicator. So let us revisit it. The worst case scenario in trading is to blow out. To run…
Tag Archive: loss
Break your rules, find a new profession.
It seems like there has been a steady stream of information and opinion flowing on breaking rules. Originally I had planned to talk about the pros and cons of breaking rules. I realized that would be a disservice. There are many views that I hold that are based on my experience. I think of myself…
How not to handle a loss, a $5k lesson for free.
How not to handle a loss. A long time friend and client sent me a text to see how I was doing and tell me how he was doing. He had taken some time off to deal with the family business and a cross country move. He has things that enables him to be a…
Pro Tip- Losing and failure are not the same thing.
Losing and failure are not the same thing. No matter the outcome of the trade, I am guaranteed two things: I am paying commission and assuming my head is not up my ass, I learned something about myself, the market, and the relationship between the two. Fortunately, losing is a part of trading. Yes I…
Losing and failure are not the same thing.
Losing and failure are not the same thing. No matter the outcome of the trade, I am guaranteed two things: I am paying commission and assuming my head is not up my ass, I learned something about myself, the market, and the relationship between the two. Fortunately, losing is a part of trading. Yes I…
How you define an outcome (losing capital), effects future outcomes.
Redefining or changing a word in a sentence can provide the necessary psychological shift to see things in a different way. This different perspective can lead to different results (hopefully positive). Probably the most common redefined word in finance is “Loss” which is turned into “Investment in Education” or “Tuition”. I am making the assumption…
