Read "The Psychology of Speculation" by Henry Howard Harper online for free on Textopian. Full text with search, annotations, highlights, and AI-powered reading aids.
One often hears the stock trader's sad lament, -- "If I ever get even, / I'll get out and _stay_ out! " But I never knew one of this class who / ever got "out even" and I never heard of one who stayed out if he did / get out even. If they get out, leaving a dollar in, they go back after / it; if they get out a few dollars ahead, they go back for more; in / any case they all go back. They wouldn't be content to stay out of / the market any more than a little shorn lamb would be content to stand / overnight uncomplainingly in a blustering March storm, outside the open / gateway to a sheepfold where his brother lambs were snugly housed.