Even the best lose sometimes.

Discussion in 'Trading' started by farmerjohn1324, Jan 8, 2020.

  1. murray t turtle likes this.
  2. SunTrader

    SunTrader

    % is all matters - even to the big guys "who have more money than god".
     
  3. If you control a fund with $160 billion in assets, and you make 20% on the year, then you made $32 billion that year.

    Perhaps you or I could make 20% on the year (especially in a year where the S&P does well), but we don't have $160 billion of other people's money to use.
     
  4. SunTrader

    SunTrader

    Yes that is the math.

    And neither of us have a spare $160 billion of OPM laying around.

    ?
     
  5. Peter8519

    Peter8519

    Losing is part of the game. Cut loss and move on. It's painful but after a few times, we will get use to it.:sneaky:
     
    Last edited: Jan 8, 2020
    trader99 and Nobert like this.
  6. Nobert

    Nobert

    After few times,.. let's just average down ;D
     
    ironchef likes this.
  7. SunTrader

    SunTrader

    Yes please keep doing that. And encourage others as well.
     
  8. Nobert

    Nobert

  9. ironchef

    ironchef

    Actually not a bad thought, especially in special situations.

    I don't day trade but for swing traders it sometimes pays off big time if you average down. Go look at BMY or ABBV.
     
  10. SunTrader

    SunTrader

    Actually I was being facetious, but I should made it more obvious than I thought I did.
     
    #10     Jan 9, 2020