--- title: "Meaning & Key Takeaway of: The people who survive avoid snowball…" description: "\"The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are al..." image: "https://sms4smile.com/quotes/i/84e/william-eckhardt-27602_able_the-people-who-survive-avoid-snowball-sc_2036883.png" --- # The people who survive avoid snowball scenarios in which… ![“The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are also able to feel the pain of losing. If you don't feel the pain of a loss, then you're in the same position as those unfortunate people who have no…” quote by William Eckhardt](https://sms4smile.com/quotes/i/84e/william-eckhardt-27602_able_the-people-who-survive-avoid-snowball-sc_2036883.png) [Download](https://sms4smile.com/quotes/i/84e/william-eckhardt-27602_able_the-people-who-survive-avoid-snowball-sc_2036883.png) [Open image](https://sms4smile.com/quotes/i/84e/william-eckhardt-27602_able_the-people-who-survive-avoid-snowball-sc_2036883.png) > “The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are also able to feel the pain of losing. If you don't feel the pain of a loss, then you're in the same position as those unfortunate people who have no pain sensors. If they leave their hand on a hot stove, it will burn off. There is no way to survive in the world without pain. Similarly, in the markets, if the losses don't hurt, your financial survival is tenuous.” [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Recognizing and feeling loss is essential to avoid cascading bad decisions in trading; pain acts as a feedback mechanism. **In simple terms:** Feeling loss prevents reckless trading. Key Takeaway Embrace loss as a learning signal. Themes risk management emotional control trading psychology Mood cautious reflective Type advisory educational When to use this quote - trading - investment decisions - personal finance - stress management Key Concepts feedback loops loss aversion psychological resilience Questions to Reflect On - How do you ensure losses impact your decisions? - What practices help you stay emotionally aware? A Different Perspective If you ignore losses, you may repeat mistakes without correction. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Loss](https://sms4smile.com/quotes/about/loss/) [Pain](https://sms4smile.com/quotes/about/pain/) [People](https://sms4smile.com/quotes/about/people/) [Sensors](https://sms4smile.com/quotes/about/sensors/) [Survival](https://sms4smile.com/quotes/about/survival/) [Trade](https://sms4smile.com/quotes/about/trade/) [Without pain](https://sms4smile.com/quotes/about/without-pain/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [“There is too much pain in the world,in all shapes and forms.That is what these people represent.Pain from losing their homes,the death of a…](https://sms4smile.com/quotes/esther-verhoef/there-is-too-much-pain-in-the-world-in-all-shapes-and-forms-that-is/) [Esther Verhoef](https://sms4smile.com/quotes/author/esther-verhoef/) > [“The pain of losing someone is always worse when you know you could have prevented it.”](https://sms4smile.com/quotes/renee-carlino/the-pain-of-losing-someone-is-always-worse-when-you-know-you-could/) [Renee Carlino](https://sms4smile.com/quotes/author/renee-carlino/) > [No one can feel and describe the pain of losing some one untill they personally feel it.](https://sms4smile.com/quotes/francis-kumar-pillai/no-one-can-feel-and-describe-the-pain-of-losing-some-one-untill-they/) Francis Kumar Pillai > [Will the pain of losing you ever fade :'(](https://sms4smile.com/quotes/anonymous/will-the-pain-of-losing-you-ever-fade/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There are no words that can diminish the pain of losing a friend.](https://sms4smile.com/quotes/anonymous/there-are-no-words-that-can-diminish-the-pain-of-losing-a-friend/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [You will never stop feeling the pain of losing someone you love because, They never loved You in the first place..](https://sms4smile.com/quotes/becka-miller/you-will-never-stop-feeling-the-pain-of-losing-someone-you-love/) [Becka Miller](https://sms4smile.com/quotes/author/becka-miller/) > [Sometimes I stop myself going close to someone not because of pain of losing but fear of losing them](https://sms4smile.com/quotes/sushan-sharma/sometimes-i-stop-myself-going-close-to-someone-not-because-of-pain-of/) [Sushan Sharma](https://sms4smile.com/quotes/author/sushan-sharma/) > [Bury the pain of losing your loved ones… into the arms of your friends.](https://sms4smile.com/quotes/erza-scarlet-fairy-tail/bury-the-pain-of-losing-your-loved-ones-into-the-arms-of-your-friends/) Erza Scarlet Fairy Tail > [My tormented soul flees from my body as the pain of losing you becomes too hard to handle.](https://sms4smile.com/quotes/anonymous/my-tormented-soul-flees-from-my-body-as-the-pain-of-losing-you/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [And deal with pain losing you every were I go that what really hurts the most.](https://sms4smile.com/quotes/justin-hayes/and-deal-with-pain-losing-you-every-were-i-go-that-what-really-hurts/) [Justin Hayes](https://sms4smile.com/quotes/author/justin-hayes/) > [“We are more sensitive to losses than to gains; the pleasure of winning is less than the pain of losing.”](https://sms4smile.com/quotes/john-a-daly/we-are-more-sensitive-to-losses-than-to-gains-the-pleasure-of-winning/) John A. Daly > [When someone says Let's just be friends? It's because they don't want to suffer the pain of losing you.](https://sms4smile.com/quotes/anonymous/when-someone-says-let-s-just-be-friends-it-s-because-they-don-t-want/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The Pain Of Losing A Child](https://sms4smile.com/quotes/anonymous/the-pain-of-losing-a-child/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Could any amount of love ever be worth the pain of losing it?”](https://sms4smile.com/quotes/robin-hobb/could-any-amount-of-love-ever-be-worth-the-pain-of-losing-it/) [Robin Hobb](https://sms4smile.com/quotes/author/robin-hobb/) > [I grew up living mostly with my mum, but that doesn't mean the pain of losing my dad is any less.](https://sms4smile.com/quotes/judi-love/i-grew-up-living-mostly-with-my-mum-but-that-doesn-t-mean-the-pain-of/) [Judi Love](https://sms4smile.com/quotes/author/judi-love/) ## More by William Eckhardt > [One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go…](https://sms4smile.com/quotes/william-eckhardt/one-common-adage-that-is-completely-wrongheaded-is-you-can-t-go-broke/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the…](https://sms4smile.com/quotes/william-eckhardt/i-know-of-a-few-multimillionaires-who-started-trading-with-inherited/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [Amateurs go broke taking large losses, professionals go broke taking small profits.](https://sms4smile.com/quotes/william-eckhardt/amateurs-go-broke-taking-large-losses-professionals-go-broke-taking/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [Good systems tend to violate normal human tendencies.](https://sms4smile.com/quotes/william-eckhardt/good-systems-tend-to-violate-normal-human-tendencies/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be…](https://sms4smile.com/quotes/william-eckhardt/in-many-ways-large-profits-are-even-more-insidious-than-large-losses/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [What feels good is often the wrong thing to do.](https://sms4smile.com/quotes/william-eckhardt/what-feels-good-is-often-the-wrong-thing-to-do/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [If the losses don't hurt, your financial survival is tenuous.](https://sms4smile.com/quotes/william-eckhardt/if-the-losses-don-t-hurt-your-financial-survival-is-tenuous/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [It's much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies.](https://sms4smile.com/quotes/william-eckhardt/it-s-much-easier-to-learn-what-you-should-do-in-trading-than-to-do-it/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if…](https://sms4smile.com/quotes/william-eckhardt/don-t-think-about-what-the-market-s-going-to-do-you-have-absolutely/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if…](https://sms4smile.com/quotes/william-eckhardt/don-t-think-about-what-the-market-s-going-to-do-you-have-absolutely-2/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [You can be very promiscuous in your research, but not in your trading.](https://sms4smile.com/quotes/william-eckhardt/you-can-be-very-promiscuous-in-your-research-but-not-in-your-trading/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of…](https://sms4smile.com/quotes/william-eckhardt/the-desire-to-maximize-the-number-of-winning-trades-or-minimize-the/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) > [If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. 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But the notion of cheapness or dearness must be anchored…](https://sms4smile.com/quotes/william-eckhardt/people-want-to-buy-cheap-and-sell-dear-this-by-itself-makes-them/) [William Eckhardt](https://sms4smile.com/quotes/author/william-eckhardt/) [Explore all 20 William Eckhardt quotes ](https://sms4smile.com/quotes/author/william-eckhardt/) ## More Able quotes > [I am certain that children always know more than they are able to tell, and that makes the big difference between them and adults,…](https://sms4smile.com/quotes/jacques-lusseyran/i-am-certain-that-children-always-know-more-than-they-are-able-to/) [Jacques Lusseyran](https://sms4smile.com/quotes/author/jacques-lusseyran/) > [I have observed this in my experience of slavery, - that whenever my condition was improved, instead of its increasing my contentment, it only…](https://sms4smile.com/quotes/frederick-douglass/i-have-observed-this-in-my-experience-of-slavery-that-whenever-my/) [Frederick Douglass](https://sms4smile.com/quotes/author/frederick-douglass/) > [There is something about the South that accepts the supernatural. 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To be…](https://sms4smile.com/quotes/pee-wee-reese/thinking-about-the-things-that-happened-i-don-t-know-any-other-ball/) [Pee Wee Reese](https://sms4smile.com/quotes/author/pee-wee-reese/) > [I wanted to remember in order to be able to return.](https://sms4smile.com/quotes/anais-nin/i-wanted-to-remember-in-order-to-be-able-to-return/) [Anais Nin](https://sms4smile.com/quotes/author/anais-nin/) > [Government schools, with your tax money, now discourage the teaching of multiplication tables by rote memorization but teach reading by the 'look-and-say' method which…](https://sms4smile.com/quotes/greg-perry/government-schools-with-your-tax-money-now-discourage-the-teaching-of/) Greg Perry > [I don't know if I would qualify as mainstream. 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