That's exactly the main reason for failure. Big ego means avoid hurting your ego, so protect your pride at any price, adapt your judgement and decision-making.
If your pride or your humility doesn’t affect your judgement and decision-making it means you have no ego.
What the market thinks is irrelevant as only you have an impact on your ego.
Funny. Trading is probably one of the most high performance activity on planet earth. A trader is trading against the brightest..sharpest minds around. I have never met a quiet..meek..humble..panty waist...pussy foot..skinny jean..trader who EVER did diddly squat in the markets apart from a few lucky streaks. Trading requires ego, pride, self respect, self confidence...etc ad nauseam..The very symbols of trading Bull and Bear...not a whippoorwill and Lassie, give some idea of what is involved. Try telling a PISSED OFF bull and angry bear to just be humble and meek..and things will work out..LOL.
A body can’t just walk off ..and like ...leave their ego under the bed hiding and toss their pride in the garbage can. They would basically become useless to society and to themselves along with losing their self respect, all pride, and self confidence. That is why panty waist..skinny jean..scumbag..socialism will never work. Never has and NEVER will.
Trading is dog eat dog. Not pussy cat licking pussy cat. Either you figure out how to take money out of my account and put it in yours or I will figure out how to take it from your account and put it into my account...(in a generic sense not directed at you personally).
Trading is a struggle..a battle..a pitting of wits, strategies and tactics against others. It IS NOT for the faint hearted and “good ole boys club.” The market giveth and the market taketh. A trader has to figure out how to get it to give more than it takes. The market knows not whether you are humble OR NOT and whether you are a little sparrow sitting on a power line chirping away or if you are a lion roaring in jungle. The trader, for his own sake best be the lion.
Other fields I know ...but ....I can’t help but think of MJ, ALI, FRAZIER, BAMA LOL, high performance. Frazier tried to be the nice guy. He lost. Then you got Mr T the new winner on the block. Everyday he gets a barrage of sh?t thrown at him over every conceivable matter but yet he goes on and wins and just keeps on winning. Others hate him cause they have not been able to achieve what he has achieved nor will they EVER be able to. They are consumed with jealousy and envy. If they would get off the rear portion of the body and quit being pant waist..skinny jean..pussyfoot..so called ...leaders ...and be REAL leaders and lead they might actually accomplish something.
Mr T has an enormous ego and he accomplishes way more than the rest sitting up there drawing their paychecks and patting themselves on the back..the good ole boys club.
If he get “done in” it won’t be because of his pride or ego but because they ganged up against him and eventually found a way to tar and feather him. However, I doubt they will as they ain't got the smarts. He plays them and keeps their head spinning like jack in the box and they don’t realize it, nor have astute enough thinking to counter him. He lights more fires, and does so faster, than they can scramble to put them out. And what is SO FUNNY is: THEY DON’T even realize it nor know what is going on.
Ego and pride are VERY necessary in trading. Humility and meekness aren’t. The key is to not let the pride and ego cause one to make a wrong decision. They can actually be used to make the CORRECT DECISIONS AND TO TAKE THE CORRECT ACTION! Hence, they can be assets not liabilities.
I would say this is my 2 cents worth but that would be too humble. So.....this is my million dollars worth...ROFLMAO
