My opinion is that very good business people are aggressive (not arrogant) in their whole view of the business, in every aspect. In other words, they are hyper motivated, to achieve always new goals. This is exactly what makes the difference in the end of winning or loosing, or of a boring risk/Profit result vs an extremly good risk/profit result. Of course you need to be patient and control your self, but speaking for myself, that all mixed together with a good dosis of an overall agrression with the will to succeed is my key to success. So i am able to give a fuck about a loss, bcuz i will make it right back in the next hours or days and switch back again in to profit zone. Its the aggression that nothing can stops you. Its the will to survive, the will to win. thats what i meant. But thanks for the interesting replies, very funny threath so far. greetings
The true part of this post is to be successful as a trader you have to be able to recognise you have been wrong. When you are in a position and the reason you entered this position is no longer there you should be able close the position without any harm to your self-esteem. Given the society conditions people from primary school that being wrong is "bad", this is a really big deal. Regarding "aggresiveness", I have seen many successful intitutional traders and most of them joined the profession as very humble people. They just developed aggressive attitude (to people, not trades) becasue it's 1) a culture of the workplace; 2) as people who make money (and thorugh it pay for everyone else's existence in the organisation) they can get away with it; 3) being aggressive helps resolve minor disputes... you just don't ask other people's opinion. In a "business" world it is totally different. There you often need to project an image of an "important" person so that people think that you are... and it is inevitable that at some point gain to the business comes at the cost of a loss to other people. The difference is in trading you often don't see these people. A business person has much more clear "profit at other's expense" attitude. If a retailer raises prices they're ripping off the customers... but that's becasue the landlord is ripping of the retailer on the lease and the landlord is being ripped of by constraction companies and everyone had to pay through the throat to the taxman and so on. Being "aggressive" in trading is absolutely counterproductive unless you are trading other people's money and expect that a couple of good years will pay for your early retirement.
@LeeD you didnt get the point i ve posted before. aggression is necessary to get up your ass and keep him up. Dosnt mean, "woah i am so aggressive, i just buy now the S&P with all my money, woah, dosnt matter what the market says" this would be just stupid. Aggression is necessary to be competitive in this business and every else "work on your own " business. to not to become LAZY. Bcuz LAZY people are bad traders, if you be lazy trading is not for you. You must be hard working, anxious, zealous, ambitious. Especially, because trading alone is a very lonely work and you have no boss who boost you to make your work correctly, you ve to do it all by urself. Thats why i think, the aggressiveness is the most important thing, that stands above all the other things and controls your behaviour. ---- the other points in your post are correct. i agree. greetings
Observe, reflect, analyze, implement... Aggression is not needed, just lean back and let the money flow in....
maybe not aggressive, but for sure totally different from all the other people... see link... http://www.guardian.co.uk/commentisfree/2011/jan/31/nerds-rule-world
Push was aggressive. Obama is softie. Select which way you want to go. . I will choose the intelligent one.
Push was aggressive. Obama is softie. Select which way you want to go. . I will choose the intelligent one. So you choose Bush????