How do other traders stay humble and defensive after a long winning period in the markets? Losing periods eventually force humility and a defensive posture on the trader. But long periods of winning lead to a different state of mind. I eventually forget what trading very defensively was like and how important it is. Eventually the market whacks the trader with losses and forces him or her back into a humble and defensive state of mind. But ideally I wish I could stay in that state of mind all the time! So I am creating this thread as a reminder and journal to keep myself humble, feel free to add your own thoughts on this subject. A related quote by PTJ in Market Wizards, who actually uses a stronger terms than "humble", he actually uses the words "scared" and "frightened" "I am more scared now than I was at any point since I began trading, because I recognise how ephemeral success can be in this business. I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something."