5 Emotional Stages Trading Video – Denial Anger Bargaining Depression Acceptance

by Olivier on December 5, 2010

One of the funniest and at the same time most insightful videos I’ve ever seen. So much truth involved in that ‘Giraffe Quicksand’ video. These really are the 5 stages you go through if you fail to cut your losses short and instead hold on to a losing position.

    * Denial – Trading Rule 48: When the ship starts to sink, don’t pray – jump!

    * Anger – Trading Rule 28: The market is cruel, it gives the test first and the lesson afterward

    * Bargaining - Trading Rule 1: Never, under any circumstance add to a losing position…. ever!

    * Depression – Trading Rule 3: Keep a positive attitude, no matter how much you lose

    * Acceptance – Graciously accept losses