There is an interesting article from
moneyshow.com titled, "Five Pillars of the Wealthy Trader Mindset " that offers insight into some of the invective posters on the various BB's. The following is an excerpt from the article along with the link for those who wish to read the entire piece.
"Some of us have a tendency to take larger financial risks in the quest for gains, while others prefer a more cautious approach in their day-to-day trading activities. With this in mind, the true question we should all ask ourselves before even contemplating the practical advantages of risk management is, "At what point will my losses make me uncomfortable?" I pose this question simply because after a potential run of successive losses, the average human being can't help but feel that they have been cheated in some way by the market, and this misconception can play havoc in maintaining sound and disciplined trading executions. The ability to analyze and place each and every trade with no concern for past outcomes is vital in the longer term. If one takes losses to heart and these drawdowns in some way blur the emotional stability of the trader, we need to question and address the ability for said trader to continue with consistent trading decisions. The last thing a speculator needs is to change their plan midway through the month as this skews the lines between objectivity and subjectivity."
https://www.moneyshow.com/trading/Tips_for_Traders.asp?aid=DAYTRADERS-21636&scode=010473