I think Ed Seykota said it best:
Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.
A couple years ago I read a book about winning poker. The author (I forget who) told a story about a weekly poker game played by some above average players, and another guy who always seemed to loose.
Not only did he lose, but he’d lose big, big pots.
Week after week he’d show up, sit at the table…
Finally, one of the more experienced players asked this guy: “Why do you keep showing up here? You never win. In fact, you ALWAYS lose.”
Without getting angry, the losing player finally explained that he was an emergency room surgeon by profession. That each week he witnessed pain, bloodshed, death and loss.
Each week. Every week.
He went on to say that he knew he wasn’t a good poker player, but that the game was the one thing he looked forward to each week.
The one thing he could get lost in.
The one thing he could be present in.
You see, not everyone is in the market to make scores of money.
For some, the market is the only place they can be present. The only place they can get away.
It takes all kinds to make a market — and whatever your reason for trading, I say — have at it!
The market is an awesome place.
Maybe the best place.