A good trader must have a personality that is always honest with himself?

[alexm]

Yes I think a good trader has to be honest and accept responsiblity when things go wrong. It's key.

 

[Dogballoon]

Quote from aPismoClam:

nick leeson.

the guys at Long Term.

George Soros when he thinks he's God.

Taleb when he thinks he's humble.

Anyone when he thinks there is no God.

Jesse Livermore when he refused to hope.

90% of all traders, taken in aggregate.

90% of the sell side.

99.999% of the buy side.

Any of us, when we hope the market will bail us out of bad position.

Any of us, when we take a trade for "fun," diversion, machismo, or any other reason that isn't in the plan.

***

denial is a house of cards. trading is a windy environment.

One of the best posts I've seen.

 

[OddTrader]

If this trading industry in general cannot maintain a high standard of honesty among its players - whatever roles they are angaged, the whole industry will be finished very soon - and forever. Just 2 cents.

 

[Renegen]

Whatever, more opportunities for everyone else.