Ego and Trading

By: Terry Ashman

1. If you take a long or short position in the market, the market doesn’t care what price you got in at. It doesn’t care what price anyone got in or out at. It doesn’t care about your analysis or your trading methods.
2. The market is totally impassive. It is always right. It rolls along and no-one can tell it what to do. If it doesn’t go where your analysis and your trading methods say it should, and you are losing money, it’s no good blaming the market, your broker, or even your trading method.
3. If you are a “high powered” business executive who can manipulate and persuade people, it won’t work on the market. The market is impassive and takes no notice.

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