Articles
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Are You Taking The Markets Personally?
Don’t fool yourself: I know that you take it personally when a trade goes against you, and how can you not? After all your trading results reflect your skill level as a trader, or don’t they?
I have been trading since 2001. Like many traders before me I started out with a big ego
and a strong “can do” attitude. It wasn’t long though before the market showed me a very different aspect of myself. I became aware of a very different persona, a persona that was weak, ego driven responding incredibly emotionally to every trade.
It took years of deep searching inside to understand what really was going on:
My feel for the market was good, I understood the technical aspects of the markets, yet I was unable to stick to any system for any length of time. My stops were too tight, I overtraded, I impulse traded, well you get the picture. I am sure many of you have been through the same.
One day it dawned on me that I used my trading not so much as a means to earn a steady income as an independent trader, but that my main purpose was to prove something to myself and to the world.
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