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Yeah this is trading 101 for anyone who has cut their teeth somewhere decent. I had that drilled into my head. There is no such thing as house money.
by qeternity 6y ago
Yeah this is trading 101 for anyone who has cut their teeth somewhere decent. I had that drilled into my head.
There is no such thing as house money.
- concreteblock 6y agoCurious, who drilled it into your head? Were you/are you a quant? I see the 'house money' fallacy all the time (most commonly in the context of 'take out your initial investment').