Trading Without Ego

helgen_1 · Jun 30, 2012

Quote from Redneck:

Hmmmmâ¦. Trading without egoâ¦ interesting conceptâ¦..

May as well trade without your consciousnessâ¦, iow â without your thoughtsâ¦, your beliefs.., your emotionsâ¦, your very being

Never happen â never

Ego is as much a part of us, as everything else inside usâ¦.

So how the hell to separate from itâ¦.

Wellâ¦, fact is, we donât

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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 â and trade the other way
I have the power to get nervous, and exit winners too fast... or not wait on a proper set upâ¦ 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 â till Iâm blue in the face
I have the power to delude myself into thinking I'm the biggest, baddest trader around

I have absolute power â to blow my account up absolutelyâ¦ and worse

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But â on the flipsideâ¦..

I also have the power to choose not toâ¦ and more importantly â to trade each trade â exactly like thatâ¦.

Master your self firstâ¦ then mastering the mktâ¦, your successâ¦, your egoâ¦, your whatever â ainât nothing but a thangâ¦

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Inconsistent, or non existent profitâ¦ OR excessive losses â is simply a mirror of that which is within

Nothing moreâ¦ nothing less

Here's to you liking what you see... or not

RN
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I must say thank you for this post, best piece of advice in a long time.

H.

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Trading Without Ego

helgen_1