Traders have no empathy, we view the world through our own PnL.
If you got crushed in the momentum meltdown a few months ago, you can?t relate to someone who was hiding out in the Dupont?s and General Mill?s of the world.
Trend followers who rode the majority of the move in 2013 don?t view last year the same way as somebody who left profits on the table by being scared by the Sequestration, the taper tantrum or the government shutdown.
If you see somebody?s eyes glaze over as you?re touting your latest trade, just remember, people care about your profits almost as much as they care about your fantasy football roster.
The Irrelevant Investor