Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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From: Moving Sphere	8/28/2005 2:11:50 AM
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"Loss is the expense we paid for the opportunity to be in the winning trade" I believe that if we can perceive loss in a more constructive perspective, we can embrace loss instead of fearing it. However, not all losses are treated equal. Predefined loss with proper money management calculation is the only one qualified as a business expense. Losses born out of emotion such as greed and fear are deemed extravagant expenses no business can afford to absorb in any form. I came across the above statement and I thought it was a profound statement if you could just pause and meditate on it. To me, it was like someone has elegantly summed up the elusive secret in one simple sentence. Thought I would share my thought one more time here... MS

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