Why Do We Trade? For Real.

The process of creating the business plan reveals whatever necessary skills are not in place. One can be skilled and yet be an incompetent businessperson.

 

In my experience, combination of purely logical (money) and emotional (get the game etc.) attitudes towards any business is the most effective. Skewness toward any of the extremes as usually is not optimal.

 

Agree with you here with one note: often the skill is to see what must be done. Not skilled enough person may simply overlook important details. "The difference which makes the difference" in NLP terms.

 

In business, maybe. Trading should be emotionless.

 

Sometimes the skill is to know when to hire a competent manager.

 

If it's emotionless, but not driven by the passion to make money, then what is the motivation?

 

Yea, but the skill is needed to distinguish a competent manager from the incompetent or even worse, a fraud.

 

To trade properly.

 

One can recognize skill in others even though he doesn't necessarily have them himself.

Are we talking about running a business now?

 

Yes, but what is the internal driver to do it? What motivates the person to trade properly?