“An objective loss is impervious to how you feel about it or react to it. It's not subject to anyone's appraisal; it must be accepted without evaluation.”Tagged: Accepting Loss
“In a continuous process there is no certainty of how or when the open market position will end...Enter: Hope or Fear. Our enemies.”Tagged: Impressions
“At the end of the day your perception doesn't impact events. Your assessment of risk or probability or predictions. They matter as much as a weather man's forecast does.”Tagged: strength
“A maxim is a succinct formulation of some fundamental principle or rule of conduct. Memorizing and repeating cliches is easy–grasping their underlying principles is more difficult.”Tagged: Conclusion
“In 20/20 hindsight, decisions maybe good or bad but not right or wrong. With regards to markets only expressed opinions can be right or wrong. Market positions are either profitable or unprofitable, period. But due to vocabulary quirks, it is easy to equate losing money with being wrong...They…”Tagged: strategy
“Personalizing successes sets people up for disastrous failure. They begin to treat the successes totally as a personal reflection of their abilities rather than the result of capitalizing on a good opportunity, being at the right place at the right time, or even being just plain lucky.”Tagged: Luck, Opportunity, Success
“Success can be built upon repeated failures when the failures aren't taken personally; likewise failure can be built upon repeated success when the successes are taken personally.”Tagged: Conclusion