Ego Trading is a problem for your trading process.
- When do you want to lose money?
Never!
- When do you want to be right?
Always!
- Where can you have both all the time?
In Fantasyland…
Seriously, besides moms…Who cares about being right? We know several of us care about being right.
We make a better question:
¿Which is better, being right or learning? thinking about trading.
Well, to put it better, how much money do you make with being right? Versus, how much money do you lose by wanting to be right, not taking part in a failure and backsliding into erratic behavior?
This money relationship and decisions are starting to capture attention.
What are you failing to learn by stubbornly sticking to a stubborn stance?
Let’s keep digging; who are you right for? For you Ego trading?
We would rather lose very large amounts of money than accept mistakes.
Does anyone in his or her five senses want to lose money over and over again just for do not stopping to recognize?
It sounds crazy, but it is more common than we would like; all because trading is based on a human being who knows himself, is formed, works on it and with more tools that puts into practice, adjusts, observes, records and recognizes detects an internal personal void of need for attention or recognition, call down you ego trading… Do you deepen this issue? Yes!
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We all learn from everyone in this ecosystem to which more and more people join every day, creating new knowledge, adding value and making this science, philosophy, business, grow and evolve.
Utopia? Fantasy?
That’s what they said decades ago with the pioneers, when they envisioned ways to democratize economies and the market, detach it from governments and make it independent and free, and look where we are going.
There will always be regulations, resistances and behaviors deeply rooted in everything that involves human beings; trading does not escape from this beautiful complexity.
Finally not accepting losses can keep you digging a hole from which your self-esteem and finances can be severely affected.
Important: The information and/or knowledge expressed in this article shouldn’t be taken as investment recommendations or financial advice. All investments and/or actions involve a risk and each person is responsible for researching, educating and analyzing before making an investment decision.
