Why do 5% of Traders Win?

Discussion in 'Psychology' started by oldtime, Feb 18, 2012.

  1. This is important.

    There is something that the military destroys before can instill self discipline.

    Do you know what it is?
     
    #181     Feb 21, 2012
  2. Guessing.Self esteem.
     
    #182     Feb 21, 2012
  3. It does.....they like being rich, they care nothing at all about being smart.
     
    #183     Feb 21, 2012
  4. No, the deconstruction process is much too rapid for self esteem to play a role, but self esteem does comes from this concept that BCT destroys immediately.
     
    #184     Feb 21, 2012
  5. Answer, almost none, and there is a reason for this.
     
    #185     Feb 21, 2012
  6. Ego
     
    #186     Feb 21, 2012
  7. achilles28

    achilles28

    Ego?
     
    #187     Feb 21, 2012
  8. cornix

    cornix

    Not sure what exactly you mean, but as far as I know military people they are not very good with creating something from scratch, generating ideas. Very good at execution of them, though.

    Me having scientific background on the other side, suffered for years from being too creative in trading and all the time developing something new instead of just following simple routine.
     
    #188     Feb 21, 2012
  9. Precisely. You did not care about being smart, or right, or different....you began to care about making money. ET is very instructive here, because almost all the threads devolve into pissing contests, and until they can get rid of that which causes the need to feel superior, they are completely screwed.
     
    #189     Feb 21, 2012
  10. Actually, you can. The ego is but a manifestation of the self, and the self can manifest any way it wants in humans who are aware of this. Trading in the Zone discusses this at length.
     
    #190     Feb 21, 2012