Originally Posted by Lowrider
Wow...I think we need some modicum of reason here..I wouldn't stop my car to pull over and take a steamy **** on 110 units WIN OR LOSS.
What's the big deal here?
Some good points LR, but you need to change your frame of reference for a minute and think back to the FIRST time you won or lost 100 units in a session........I'm sure iit felt like a BIG DEAL
to you either way. If you say "no", you are lying. How about the FIRST time you won or lost 200 units? I'm sure that felt like a BIG DEAL
too. If it hasn't happened yet, then it will feel like a BIG DEAL
the FIRST time you win or lose 1000 units in a single session. Yet, some BigPlayer out there may tell you "that's no big deal", as it happens to him all the time and he wouldn't even "pull his car over to take a steamy **** on 1000 units."
The point is.....these things are all relative to experience. Example.....In my case, a 112 unit loss was not the largest in terms of number of units but it was the largest swing since I doubled my unit size, so the dollar value was by far the largest. Also, in the two weeks since I felt like I got hammered for that loss, I had the following sessions: -61 units, +104 units, +27 units, -29 units, -41 units, -46 units, +120 units, -85 units, +135 units.
Now that initial swing doesn't seem so much a BIG DEAL
to me anymore. Learning how to fight through the emotional swings that inevitably come with the volatility of any investment is part of the growth process. It doesn't mean someone needs to quit. It means they need to learn from it and move on.