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kiy

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kiy

Re: kiy post# 18270

Saturday, 02/18/2012 6:15:33 PM

Saturday, February 18, 2012 6:15:33 PM

Post# of 46542
TRADERS...
http://www.curatedalpha.com/2011/curated-interview-with-marty-schwartz-from-market-wizards/
Why do most traders lose money?

Because they would rather lose money than admit they’re wrong. What is the ultimate rationalization of a trader in a losing position? “I’ll get out when I’m even.” Why is getting out even so important? Because it protects the ego. I became a winning trader when I was able to say, “To hell with my ego, making money is more important.”
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