A Quote by Richard Dennis
I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.
Related Quotes
I basically learned that you must get out of your losses immediately. It's not merely a matter of how much you can afford to risk on a given trade, but you also have to consider how many potential future winners you might miss because of the effect of the larger loss on your mental attitude and trading size.
What I learned from that loss, and also another loss that I'm going to talk about later, was that when you're there, it's not good enough to be there, when you're there, you better walk away with that ring.
There is always a certain amount of 'transmission loss.' You can have a power generator and if the power is going on 100 miles away, even with very efficient cable there could be a certain amount of loss.
It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.
When you go through hell, your own personal hell, and you have lost - loss of fame, loss of money, loss of career, loss of family, loss of love, loss of your own identity that I experienced in my own life - and you've been able to face the demons that have haunted you... I appreciate everything that I have.
I think of depression as the mechanism that pushes down the pain of that loss. It tries to distance us from the loss but it lowers our whole energy level. I think that's a pervasive way we end up responding to loss or the anticipation of loss. Natural but not necessary.
Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.
I came up in the theater, and I learned pretty quickly that reading a review, whether it's good or bad, can strangely affect the next performances, because you're reacting to something that's been said about you. So I tend to avoid that stuff pretty studiously.
Given that trade benefited the Asian economies on the way up, it seems natural that the slowdown in global trade, whatever its causes, could lead to some loss of dynamism and growth in the region.
Anyone who has experienced a certain amount of loss in their life has empathy for those who have experienced loss.
Mark-to-market losses are not real loss. It's a notional loss.
When faced with a loss, it is no use trying to recover what has gone. On the other hand, a great space has been opened up in your life - there it lies, empty, waiting to be filled with something new. At the moment of one's loss, contradictory as this might seem, one is being given a large slice of freedom.
Everyone who lives long enough to love deeply will experience great losses. Don't let fear of loss, or the losses themselves, take away your ability to enjoy the wonderful life that is yours.
Years ago when I got stuck, I'd start twirling my hair. That's not possible anymore. I can't prove the relationship between writing and hair loss, but I think I pulled out a fair amount trying to work on certain sentences.
There are many kinds of loss embedded in a loss - the loss of the person, and the loss of the self you got to be with that person. And the seeming loss of the past, which now feels forever out of reach.
I think you set up certain standards. I've always kind of believed in the Neil Pert way of making records where I'm trying to step it up every time I do something. You're trying to better yourself. You're also trying to make your audience or your listeners more interested. So, if you can up it, I think that's important.
