Stocks & Commodities V. 35:05 (60–61): The Pernicious Effect Of The Loss Of Opportunity by Claudio Demb

The Pernicious Effect Of The Loss Of Opportunity by Claudio Demb

Oh, the money you could have made if you had stayed in the trade longer! We all know that feeling, and here are some steps you can take to overcome that pain.

For some reason, even after many years of being a trader, I still struggle with the pain that comes from the loss of opportunity. When you exit a trade, and you see price continue to move in your favor, you tend to beat yourself up over it. You feel like you left money on the table. Why is it that the loss of opportunity feels so painful? There may not be a right answer to that question, but what really matters is that it is painful and the only way to confront that pain is to reckon with what to do ...