I was just reading in Phantom's Gift the following:
POP: (speaking of his early days in trading) ...I took it personally when I would throw money away. I started out with such a small amount of money, and I couldn't stand to lose money at first.There are two principles named here:
- First, that it is normal and even expected to take it personally when we lose money on a trade. It hurts!
- Second, that it is possible to build a life-long trading career from a small monetary base.
