When you are trading sometimes it is the personal Ego and the bias towards what we think must happen regardless of the facts that markets will not take into account what do we think or want from them.
If we trade with Ego then we may not get any benefits.
What do you think?
I don’t think there is something like ego while trading. What do you mean by personal ego?
If you have EGO while you trade, your going to lose money. You need to beat the H*ll of out it, and stuff it in the back of your trunk and drop it off a bridge. Ego prevents you from seeing the market for what its really doing, it hurts you, it makes you stick to a trade even though the market is telling you different so you are “right”. it does incredible amounts of damage.
By ego you mean Stupidity?
I think not. I really cannot remember what was my state on my last trade, i was so concentrated that i think all that emotional negativity faded away.
The ego needs to be minimised for as K. Van Tharp puts it ‘You do not trade the markets. You can only trade your beliefs about the markets’
Let’s see… you plan on sitting at home, behind your computer, in your underwear and a chili-stained shirt and make money trading against billion dollar multinational financial conglomerates operating with almost unlimited resources at their disposal…
To think you will succeed you better have an ego the size of a bull’s balls.
To actually succeed you better have an ego the size of an elephant’s balls.
Hmmm… No. Lee had a Ego bigger than you say and achieved important victories in northern soil but his ego became to bign in Gettysburg.
I have ego when my gf watch me studying fx.
More likely the willfull misinterpretation by Stuart of Lee’s second set of orders, depriving Lee of cavalry for the first two and half days of Gettysburg, but that is an argument for another day:33: