Quote from lorax2013:
Interesting topic. First I think simply trading will tend to diminish the ego over the years.
Also, I try to view trading as simply finding the truth. A scientist for example generally accepts new knowledge and quickly moves forward - because they are trained to focus on data and not equate unexpected data with their sense of self/ego. They realize that all unexpected data and dead ends are simply a path towards learning the truth. Now sure you are going to be sad if your trading losses cause economic hardship - but again that is just new data telling you that you are risking too much money. If you make a fortune, again, it simply means you found the truth more efficiently than others. That's great but try to remember it is just a skillset you developed and it doesn't necessarily make you better person than someone who spent their time developing the skillset of basket weaving.
Having said all that I still get bummed on a bad trade and slightly cocky on a good one - but again this problem fades over the years.
