Nice passage I just came across going through various trading books this weekend.

#12 German billionaire Adolf Merckle, one of the 100 richest people in the world, has killed himself by jumping in front of a train—emotionally “broken” over a bad bet on Volkswagen last year.

A lecturer, when explaining stress management to an audience, raised a glass of water and asked, “How heavy is this glass of water?” Answers called out ranged from 20g to 500g.

1        Greed, the urge to make as much money as possible, and fear that he will lose it all.

Perhaps one of the most challenging skills in becoming a successful trader is Maintaining Objectivity in trades.