You’d do better to “Exaggerate the Losses”

A line from Jackson Browne’s excellent song “The Road” keeps running through my head: “You forget about the losses, you exaggerate the wins.”  While often true in life, I’ve found this to be especially true in trading.  Indeed, I’ve only met a mere handful of traders who excel at record keeping.  The irony, of course, is that it’s literally insane to be a trader and do otherwise; sort of like swatting at an overpriced piñata that they keep on moving out of reach.

Continue reading