helgen_1
Registered: Jan 2002
Posts: 13 |
06-30-12 10:54 PM
Quote from Redneck:
Hmmmm…. Trading without ego… interesting concept…..
May as well trade without your consciousness…, iow – without your thoughts…, your beliefs.., your emotions…, your very being
Never happen – never
Ego is as much a part of us, as everything else inside us….
So how the hell to separate from it….
Well…, fact is, we don’t
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Every trade I take;
I have the power to let a loss grow too big
I have the power to fight price tooth and nail – and trade the other way
I have the power to get nervous, and exit winners too fast... or not wait on a proper set up… nor take a proper set up once it materializes
I have the power to form an opinion about where price is going
I have the power to overtrade – till I’m blue in the face
I have the power to delude myself into thinking I'm the biggest, baddest trader around
I have absolute power – to blow my account up absolutely… and worse
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But – on the flipside…..
I also have the power to choose not to… and more importantly – to trade each trade – exactly like that….
Master your self first… then mastering the mkt…, your success…, your ego…, your whatever – ain’t nothing but a thang…
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Inconsistent, or non existent profit… OR excessive losses – is simply a mirror of that which is within
Nothing more… nothing less
Here's to you liking what you see... or not
RN
I must say thank you for this post, best piece of advice in a long time.
H.
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