Stow Your Ego Before Trading
Posted by Mark on March 6, 2012 at 15:58 | Last modified: March 14, 2012 13:10Here’s a worthwhile quote from acclaimed systems developer Thomas Stridsman:
“It is only a question of how long you stick around. If we all stick around long enough the probabilities have it that we all will be wiped out sooner or later. It is just a matter of time.”
Once upon a time, I lost 50% of my total net worth in a span of less than two weeks.
Been there done that and hope to never live through such an experience again.
Tags: drawdown, survival | Categories: Money Management | Comments (0) | Permalink