Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Math Junkie who wrote (21893)	12/30/2004 2:10:41 PM
From: Tim Bagwell	Read Replies (1) of 42834

Richard, I'll let you do the math because we've gone through this stuff before on this forum. For me, it's not about the actual numbers because I know they are staggering. It's about the false perception that somehow those ongoing QQQ(Q) losses can somehow be overcome. They can't. Losing money should really be equated to lost time. So, time really is money. Reaching break-even on a losing trade requires expending time which you have in a limited supply. Since the time you lose trying to reach break-even can never be replaced, you really have lost something forever. That's the concept of opportunity cost. Now, you could try to minimize that time by trading more, but Bobbler finally realized he "sucks" at trading so he gave up that option. All Bobbler had, was to continue with his "card-counting" kind of market timing which was all that was working for him. Unfortunately, that takes a lot of time. As a gambler at heart, Bobbler understands the equivalence of time and money. Therefore, it made no sense to him to try to overcome the loses that were mounting from that terrible QQQ(Q) trade. So he simple abandoned it. Knowing full well, the money was lost forever.

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