--- title: "Meaning & Key Takeaway of: I learned to avoid trying to catch up or…" description: "\"I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you hav..." image: "https://sms4smile.com/quotes/i/f47/richard-dennis-32388_amount_i-learned-to-avoid-trying-to-catch-up-or_2504993.png" --- # I learned to avoid trying to catch up or double up to… ![“I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.” quote by Richard Dennis](https://sms4smile.com/quotes/i/f47/richard-dennis-32388_amount_i-learned-to-avoid-trying-to-catch-up-or_2504993.png) [Download](https://sms4smile.com/quotes/i/f47/richard-dennis-32388_amount_i-learned-to-avoid-trying-to-catch-up-or_2504993.png) [Open image](https://sms4smile.com/quotes/i/f47/richard-dennis-32388_amount_i-learned-to-avoid-trying-to-catch-up-or_2504993.png) > “I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.” [Richard Dennis](https://sms4smile.com/quotes/author/richard-dennis/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Avoid chasing losses; allow time to recover before making new decisions to prevent impaired judgment. **In simple terms:** Don’t rush after a loss; wait before trading again. Key Takeaway Pause and reset after setbacks. Themes risk management discipline psychology Mood pragmatic cautious Type advice instructional When to use this quote - stock trading - investment decisions - loss recovery - decision making Key Concepts trading strategy behavioral finance Questions to Reflect On - What rules can you set to enforce a cooling‑off period? - How do you recognize when loss bias is influencing you? A Different Perspective Waiting may cause missed opportunities; market conditions can change quickly. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Judgment](https://sms4smile.com/quotes/about/judgment/) [Loss](https://sms4smile.com/quotes/about/loss/) [Losses](https://sms4smile.com/quotes/about/losses/) [Time](https://sms4smile.com/quotes/about/time/) [Trade](https://sms4smile.com/quotes/about/trade/) ## Related quotes > [Everybody has losses - it's unavoidable in life. 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