Trading Without Ego

Revolver Ending - Your EGO


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Lessons about destroying the ego/self from the film Revolver

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I wanted to add this question and answer from JoshDance & Bigsnack


Quote from JoshDance:

Thanks b -- actually I think the issue is that I often read the market quite well when I'm in a "normal" state of mental clarity. Like the 39 long that I didn't take. It felt right, and based on what I saw and felt, I was very sure it was a good long. Yet, those are the very trades I hesitate in taking. On the flip side, I did not feel nearly as good about the long near the top, yet I took it anyway. Go figure! I even said that out loud to myself today--"why do you pass on low risk high probability trades, yet you will so easily take a much less certain and impulsive trade?" I could not give myself a good answer :p
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Quote from bigsnack:

I've put a lot of thought into this behavior, as it has been one of the hardest mental hurdles for me to overcome since starting to trade. Here's how I process this:

If you take a low probability trade and lose, there is instant gratification. What I mean is, it is easy to quantify why the trade didn't work out, because you either "didn't follow your rules" or "took a low probability setup", etc. Either way, it gives your ego an easy out on where to pass the blame.

Now on the flip side, if you are seeing things clearly and you risk money and lose, that is a crushing blow to the ego! It threatens all the hard work and research that you have done, and your ego will protect itself as much as it possibly can. The thought of risking money based on your true beliefs is threatening, so your brain will literally try and trick you into avoiding those trades! It's marvelous and ridiculous at the same time.
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Jake Green: The bigger the trick and older the trick - the easier it is to pull. Based on two principles : They think it can't be that old, or they think it can't be that big for so many people to have fallen for it.
 

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Someone's big EGO...just deleted my posts... talk about tragic and comic at the same time...hilarious. :)

Everyone has inside: Self, Ego, Spirit, and Internal observer, you can't trade without any of them, you can master who is in control at any time...

then...after years of that...if you are very lucky and successful...you'll encounter the real enemy to beat... MM.

You are all just at the "puppet" stage...and proff of it is your EGO erasing my posts... hehehe.:D
 
this whole ego thing is bullshit.

I dont care what people think about me, i stopped it a long time ago and since then i lifed so much better.

I dont need anybody to prove how great i am.
I know i am the greatest in my world, because its only me in my mind and body, i am the star in my life. thats all.....

To find my satisfaction in the things i love, like trading is the only true way to happiness i have found, so far....

If you always want to be dependent on the opinions of others, you will get hurted, its a guarantee that your feelings will be hurted someday.......

My life slogan = I do what i want so long i can and i dont give a fuck about what people think. But i respect all kinds of beings and want everyone to fullfill his/her dreams. But i come first. LOL

:p :p :p
 
Quote from EON Kid:



“First rule of business, protect your investment.”

“There is no avoiding war, it can only be postponed to the advantage of your enemy.”

“The only real enemy to have ever existed, is an eternal one.”

“Your friends are close, but your enemy is closer.”
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i add:

the most dangerous enemy is the one inside your mind.
 
HTR,

Thats your EGO speaking...&#9786;

ES

Quote from HATEtheRisk:

this whole ego thing is bullshit.

I dont care what people think about me, i stopped it a long time ago and since then i lifed so much better.

I dont need anybody to prove how great i am.
I know i am the greatest in my world, because its only me in my mind and body, i am the star in my life. thats all.....

To find my satisfaction in the things i love, like trading is the only true way to happiness i have found, so far....

If you always want to be dependent on the opinions of others, you will get hurted, its a guarantee that your feelings will be hurted someday.......

My life slogan = I do what i want so long i can and i dont give a fuck about what people think. But i respect all kinds of beings and want everyone to fullfill his/her dreams. But i come first. LOL

:p :p :p
More...
 
Quote from ElectricSavant:

HTR,

Thats your EGO speaking...&#9786;

ES
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why is it that people always say that a big ego is a bad thing ???

As a trader i need a big ego, big like a mountain.......

Being an egoist is never wrong. To can help others you first must help urself.

When it comes to surviving even the greatest humbled guy becomes an egoist.
 
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