Old floor traders had a rule: never carry a loser into the weekend.
Two reasons, both simple:
First, probability. After tens of thousands of trades, losing positions on Friday rarely improve by Monday. The market doesn't care about your hope.
Second, pleasure. Why let a bad trade ruin your Saturday?
Every generation of traders thinks they're smarter than the last. They're not. They just haven't paid tuition yet.
The guys who traded after storming Omaha Beach understood something most don't: survival matters more than being right.
Wisdom isn't complicated. It's just expensive to learn the hard way.
Two reasons, both simple:
First, probability. After tens of thousands of trades, losing positions on Friday rarely improve by Monday. The market doesn't care about your hope.
Second, pleasure. Why let a bad trade ruin your Saturday?
Every generation of traders thinks they're smarter than the last. They're not. They just haven't paid tuition yet.
The guys who traded after storming Omaha Beach understood something most don't: survival matters more than being right.
Wisdom isn't complicated. It's just expensive to learn the hard way.
