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Sunday, January 03, 2021 9:29:19 AM
pennytradingnet Friday, 02/28/20 08:49:44 AM
Re: None 0
Post #
1960
of 2018
IGPK-A big ego can present huge problems. I've been there, as I'm sure many of you have, too. When I come across someone with a big trading ego in need of my help or teaching, it becomes my goal to burst their bubble. I will break them down until that big ego is totally deflated. It is then, and only then, that a trader will find out how good they truly are.
We can also learn from our failures. These are our most important lessons. As General Patton once said, "Success is how high you bounce when you hit bottom." But what of those people who believe they can walk on water or defy gravity -- and can do no wrong, in their own eyes? Anybody can get lucky once in a while, or even several times. Considering that lucky streak as a skill set is a recipe for disaster.
Nobody can demonstrate consistent success being lucky for a long period of time. But skill can be prolonged with good discipline, control, risk management and little ego to get in the way.
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