View Single Post
Old 06-11-2007, 12:30 PM   #5 (permalink)
Traderj
Crapper
 
Join Date: May 2007
Location: Thailand/Canada
Posts: 248
My Mood:



Thanks: 11
Thanked 72 Times in 47 Posts
Traderj is on a distinguished road
Default Re: Avoid Making Predictions in the Market

Quote:
Originally Posted by Hawkman95 View Post
I can see the difference and thank you for claifying prediction.

Your example of people continuing to trade a losing system probably also fits one definition of insanity, which is doing the same thing over and over again expecting different results.
I'll tell you something which is very scary... your definition is quite accurate.. I truly do know people that have spent a year or longer losing money... but they just don't care or seem to as they have such a high winning rate... they get all depressed and so forth when that one big loser hits.. but they go off on a winning streak of two weeks and think everything is all right.. meanwhile their balances get smaller and smaller... it's very odd the things our minds do to us.
Traderj is offline   Reply With Quote