While reading on a weekend, I stumbled upon a valuable phrase in Arthur L Simpson's book 'Phantom of the Pits' that would resonate with traders in this environment. The statement "the best loser is the long-term winner", emphasizing the significance of prioritizing loss management. It's crucial to manage losses effectively and avoid letting losing trades gradually erode your confidence. In essence, striving to enhance your ability to lose gracefully is key to staying in this business. Light is always at the end of the tunnel.

@jeffsuntrading didn't qullamaggie constantly repeat I am the biggest loser..."the biggest loser wins" haha

@jfsrevg It is full of gems and much like the Livermore book should be read yearly.