Reminds me of when I was in trading arcade back in '99 or '00.
Was daytrading AOL which was then around $60/$70 in lots of 1000 and 2000 shares. Took a big hit on a trade and said loud enough for the guy next to me to hear, "Ok no more Mr Nice Guy". And proceeded to lose another $1000 or so.
Thats wasn't even the turning point. It was some time after that I decided enough is enough. The market is always right. If I am not, accept it and move on to the next trade.
Was daytrading AOL which was then around $60/$70 in lots of 1000 and 2000 shares. Took a big hit on a trade and said loud enough for the guy next to me to hear, "Ok no more Mr Nice Guy". And proceeded to lose another $1000 or so.
Thats wasn't even the turning point. It was some time after that I decided enough is enough. The market is always right. If I am not, accept it and move on to the next trade.