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Trading Will Make You A Better / Worse Person
Posted on 05/02/2007 11:00:48 | Link | Post Comment
One way we could define trading is to say that it is a long term battle for control of active reasoning over the primal emotions of fear and greed. Success at this must eventually make one a better person, and this would feed into all areas of your life. Why? You would become more rational and less reactionary.
At the same time, there is a clue here that we have to take our trading discipline out into our lives. You cannot act like a passionate lunatic filled with rage, lust and paranoia in your day to day life and then expect to turn into a calm rational super-being when you sit down in front of your trading station. Lunatic in life, lunatic in the market.
On the flip side, I can see that losing this battle in the market would also weaken you in other areas. It would erode your confidence, and these emotions once indulged would strengthen their grip over you.
Daryl Guppy: "An experienced trader is a different person from the person he was when he was a novice."
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