The above statement is from a real story that happened a few years ago in our trading room. A new member had got himself into trouble with his own trades by not using a stop loss.
He had added to the losing position, hoping that it would come back for him, but it didn’t.
By the time he confessed to what he’d done, he was down 60% and there’s not much that I, or anyone can do to help someone that’s got into that situation.