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Why do I get so pissed off about losing $10 or $20 on a trade,

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Thread replies: 12
Thread images: 3

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Why do I get so pissed off about losing $10 or $20 on a trade, but when I win $120 on a trade the same day, I don't even feel that happy about it. Am I weird or is this normal?
>>
There is a science behind it... it's been studied that losing money has a greater psychological impact than winning.
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>>3000295
This is true. Funny how irrational people actually are.
>>
>>3000282
for me it's the exact opposite. $90 drawdown, no problem. $25 profit, oh shit it'S going to crash imminently.
>>
>>3000295
What did they mean by this? I wonder if you just feel it more overall or is it some specific thing I can try to mitigate? I notice it stops me from closing losers for some reason, and they only get bigger when I do that.
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>>3000282
this >>3000295 and the fact that i literally hate losing money for even silly reasons. probably just my jew mind taking over me
>>
>>3000282
>>3000282
This is called "Loss aversion"
>but anon! What is Loss aversion?
good question. Loss aversion means people will prefer avoiding losses to acquiring equivalent gains.
>anon, when does this actually happen?
Lets say marg and both tom have 1500. marg earns 500 dollars, but loses 200. tom just earns 200 dollars. even though marg gained more net profit than tom, because marg lost those 200 dollars, she might be less satisfied than tom, resulting in a "loss aversion"
>thanks anon!
haha. no problem kid
>love you anon
love you too
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Look up prospect theory. Hope you retards can read a graph
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>>3000282
>stacks of 20's
wow this guy really is poor.
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>>3000399
So basically it seems to me the only way to get around it is to stop being such a pussy about it.

Thanks anon!
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>>3000282
Most memorable trade I've ever done was buying a coin called BULLSHIT COIN on CoinExchange.io for 1 sat and selling it for 50 sats.Usually don't buy less than 0.1btc worth of shitcoins at a time but had 0.001 btc spare and something about the name attracted me:-) Only bought 0.001 btc worth but i'm still smiling about that one.
( insert image here of ) mfw somebody bought my bullshit.
>>
>>3000295
Veritaseum did a cool video on the topic. Worth a watch. His experiment translates really well to crypto trading.
Thread posts: 12
Thread images: 3


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