medofox
$BETA
Loss translation
Loss in the financial markets is inevitable, but the trader’s mentality is what makes that loss a part of the markets or a permanent feature of the markets, so do not resist the loss, but rather resist the way you think about the loss.”
Mark Douglas from the book The Disciplined Trader
What Mark meant in his book The Disciplined Trader is that markets, due to their random nature and probability environment, loss is inevitable, but the way you deal with that loss is what makes the loss either a permanent or temporary deal.