ABSTRACT
Profitable situations can provide us with as much pain and anguish as the unprofitable if we work it right. If they are tied to our selfesteem-if we are trading ourselves instead of wheat or GM-a paper profit presents us with a real problem: to take it, book it, feel good, and perhaps see it soar to extremes, leaving us kicking ourselves for exiting too early, or perhaps to see the profit erode away and not be takeable at all. Ego involvement and a lack of a mature methodology can only result in pain and regret for the unequipped and uneducated trader. One thing is certain: If perfection is your standard or goal, art (or machine tools or theoretical mathematics) is the field for you. Not Wall Street.
