112 - Trend Following Plus Nothing w/ Jerry Parker
The Trade Busters
The Importance of Believing in What the Masters Taught Us
I hear so many people when they have unrealized losses, they try to not to treat that as real, right? And they want to manage or adjust the trade and then go, okay, one, till I close it, it's not a loss. So if you have open gains, you're profiting. If you have open losses, you're losing. It is kind of weird that dichotomy. You know what? Rich had this saying that fits right in with that. He was very fearful because that loss can get bigger. When people have a big gain, they're very fearful that the gain is going to go away. But that's when they should be very hopeful that
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