[TheNegotiator]

Originally Posted by laurus12 »

I've had to recognize which market situations my ego comes into play and what the specific ego-topic was in these situations. I say this because there are situations where I feel completely confident and there is no stress to mention of. In the ego reaction situations I liken them to how the shark research guys on National Geographic have learned to behave when they are in the water with the sharks. Meaning my ego is the shark or a wild animal where I have learned how to handle it in different situations.

How about this. Your ego is just your ego. You are however, in a similar way to those Nat Geo guys, swimming with the sharks every single day you are trading. Consistent, well thought out behaviour will allow you to work with them in a seemingly effortless way. However, if you start acting in a way in which they don't expect, they'll eat you alive. Your ego or your laziness or your inability to stick to a plan is the unpredictability I am talking about.

[zdo]

Originally Posted by VTK »

Would like to add another fantastic book.At least it's part about mind.

John Hayden:"The 21 Irrefutable Truths of Trading: A Trader's Guide to Developing a Mind to Win"

I am big believer in fact(at least for me ) that trading is 90% psychology and 10% the rest.
Have had such experience which made me think like that.To master the market you have to master your self

Yes. That is a great book. I have been referring to it about 'trading virtues' for some time now, but had forgotten the title name and author. Thanks.

re "To master the market you have to master your self"
"To align with the market you have to align with your self" is a little bit better fit for me...
'Control' is still a major player, but is in a more realistic position...etc.

[VTK]

Originally Posted by zdo »

Thanks.

You're most welcome zdo

[laurus12]

Originally Posted by TheNegotiator »

How about this. Your ego is just your ego. You are however, in a similar way to those Nat Geo guys, swimming with the sharks every single day you are trading. Consistent, well thought out behaviour will allow you to work with them in a seemingly effortless way. However, if you start acting in a way in which they don't expect, they'll eat you alive. Your ego or your laziness or your inability to stick to a plan is the unpredictability I am talking about.

Many thanks Negotiator. Another twist and perspective. I appreciate it

Laurus