| Here's a great quote from Al Gore's documentary, An Inconvenient Truth (you know, it just won two Oscars - maybe you should see it too).Final misconception: if we accept that this problem is real, maybe it's just too big to do anything about. And you know, there are a lot of people who go straight from denial to despair without pausing on the intermediate step of actually doing something about the problem, and that's what I'd like to finish with, the fact that we already know everything we need to know to effectively address this problem.Al GoreNow, am I the only one seeing the relation between this quote and trading? :)Don't just sit there watching your losing position get bigger and bigger, denying the fact that you took a wrong decision. You don't need a margin call to tell you that you were wrong. You can accept the loss as it is and do something about it - close the trade, take a deep breath and rethink.Have a great weekend! |
