Comments on: The Fear of Losing Money http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/ Sat, 06 Mar 2010 08:23:43 -0800 http://wordpress.org/?v=2.8.2 hourly 1 By: Dinosaur Trader http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-14952 Dinosaur Trader Wed, 14 Nov 2007 01:42:51 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-14952 Chris, Excellent post. You put into words very clearly one of the more difficult things to understand about trading: "Losing will always sting but I now accept losing as part of the game." That's it in a nutshell. You have to accept it because it will happen and it has to happen if you're taking the risk necessary to also come out on top sometimes. Thanks, -DT Chris,

Excellent post. You put into words very clearly one of the more difficult things to understand about trading:

“Losing will always sting but I now accept losing as part of the game.”

That’s it in a nutshell. You have to accept it because it will happen and it has to happen if you’re taking the risk necessary to also come out on top sometimes.

Thanks,

-DT

]]> By:   Weekend Links by TraderBubs.com http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-14911   Weekend Links by TraderBubs.com Sun, 11 Nov 2007 17:24:33 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-14911 [...] Perruna has a great post on The Fear of Losing Money, I know this is a big problem for me [...] [...] Perruna has a great post on The Fear of Losing Money, I know this is a big problem for me [...]

]]> By: Good to Go Pile . . . « Trading for the Masses http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-13194 Good to Go Pile . . . « Trading for the Masses Tue, 24 Jul 2007 21:42:34 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-13194 [...] Fear of Losing Money, main reason why most people can’t trade. Its hard being wrong . . .ego gets in the way, and in this business you can be wrong more than right and make a living. [...] [...] Fear of Losing Money, main reason why most people can’t trade. Its hard being wrong . . .ego gets in the way, and in this business you can be wrong more than right and make a living. [...]

]]> By: chrisperruna.com » Blog Archive » Make Millions Selling Fear http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-13193 chrisperruna.com » Blog Archive » Make Millions Selling Fear Tue, 24 Jul 2007 18:28:27 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-13193 [...] spoke about the fear of losing money yesterday and want to extend that into the fear that the media creates, specifically book authors. [...] [...] spoke about the fear of losing money yesterday and want to extend that into the fear that the media creates, specifically book authors. [...]

]]> By: Deborah http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-13188 Deborah Tue, 24 Jul 2007 14:31:41 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-13188 Excellent article. I did not like my portfolio at the beginning of January and I was holding a relatively big loser, which completely recovered now, but I elected to just get out of it and get rid of the stress. I actually did a complete reassessment of my portfolio and I think I sold practically everything. All of my choices, or perhaps most, were sensational. I think if I'd stayed the course I'd be up a little, and that stock that I took a loss on would not have been a loss but I made so much more by taking a loss and moving the money. Excellent article.

I did not like my portfolio at the beginning of January and I was holding a relatively big loser, which completely recovered now, but I elected to just get out of it and get rid of the stress. I actually did a complete reassessment of my portfolio and I think I sold practically everything. All of my choices, or perhaps most, were sensational.

I think if I’d stayed the course I’d be up a little, and that stock that I took a loss on would not have been a loss but I made so much more by taking a loss and moving the money.

]]> By: rafitax http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-13183 rafitax Tue, 24 Jul 2007 07:38:15 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-13183 Great post Chris. My largest loss this year was an 18% drop on 07/03/07. It's hard. It's a great battle in my mind... I read then again the basic rules, found the mistakes (I felt stupid) and put my eyes in the next steps... It`s like boxing,...get up and keep moving. Great post Chris.

My largest loss this year was an 18% drop on 07/03/07. It’s hard. It’s a great battle in my mind… I read then again the basic rules, found the mistakes (I felt stupid) and put my eyes in the next steps…

It`s like boxing,…get up and keep moving.

]]> By: Chris http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-13175 Chris Mon, 23 Jul 2007 19:24:58 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-13175 MDJ, I am not a day trader so I am not on the computer every hour. My largest loss this year was an 18.54% drop in TWLL on 2/15/07 when it gapped on me overnight. I sold, sucked it up and didn't make another trade (closed a position in GRMN) for a 15.7% gain on the 23rd of February. I didn't initiate another trade until February 27, 2007. I don't get pissed when I lose but I would get extremely angry when I was younger and wanted to make my money back. I was consumed but I now just go with the flow. Losses will happen often when you trend trade. MDJ,
I am not a day trader so I am not on the computer every hour. My largest loss this year was an 18.54% drop in TWLL on 2/15/07 when it gapped on me overnight. I sold, sucked it up and didn’t make another trade (closed a position in GRMN) for a 15.7% gain on the 23rd of February. I didn’t initiate another trade until February 27, 2007. I don’t get pissed when I lose but I would get extremely angry when I was younger and wanted to make my money back. I was consumed but I now just go with the flow. Losses will happen often when you trend trade.

]]> By: MillionDollarJourney.com http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money/comment-page-1/#comment-13172 MillionDollarJourney.com Mon, 23 Jul 2007 18:21:55 +0000 http://www.chrisperruna.com/2007/07/23/the-fear-of-losing-money-2/#comment-13172 Great article Chris. What do you do after a big trading loss? Do you step away from the computer and take a break? Great article Chris. What do you do after a big trading loss? Do you step away from the computer and take a break?

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