Articles

Home  >  Articles  >  General Articles  >  Trading and Ego
Printer Friendly Version

Trading and Ego

Page: 1 2
by Martin Laurence Kemp -  Nov 27, 2006
6.6 (from 8 ratings)

Prioritising intuition allows for the gradual development of trust which in turn allows for intuitive insights to be made tangible as signals to act upon. Trusting ourselves and our signals and acting upon them with growing confidence supports the process of decision making. Perhaps some of these decisions may reflect a counter intuitive approach buy hey, let's not get too ahead of ourselves here. Running before you can walk is one of the ego's most cherished mantras.

Going against the needy impulses of the ego is usually very beneficial, whatever the financial outcome because it affirms that we are in charge and responsible. Of course, intuition is only one of the skills available to counter the ego's threat and itself is not infallible ,in trading or elsewhere. But it can be our alert, our standby and our alarm, always on call for us if we give it space. Trading intuitively doesn't preclude mistakes. Even in the heart of the zone the collective unconscious is probably not fully visible and if it was we'd probably be so blissed we'd close our trade . But intuition does give us an edge that is personal and can be developed further.

The art of the chart is in the heart aswell as the eye. Once we stop looking so hard we can start to see and then sometimes we can put a trade on and just close our eyes and trust. Working out an approach to the market from an intuitive perspective is not an exact science but if we can receive what the market gives us, process it and extract its kernels of wisdom then maybe we have a chance to thrive, a chance to meld our confections of desire into success.

Page: 1 2



Comment on this Article

Recent Comments:
Thank you Martin for an excellent article
fibonelli   02-12-2006 17:22:46
Wonderfull description of my experience in Trading.
CJIA   02-12-2006 02:13:51
The article appeals because it frames a classic trading problem in psychiatric terms. The downside is that there really is no prescription for solving the problem. So is this just another vendor bait article?
nine   01-12-2006 20:34:04
The concluding paragraph sums it all! - " closing the eyes is often hard thing to do" easily said than done! - overall and excellent article
Marwan2010   01-12-2006 19:49:30
All struggling traders should take serious note of this article. Anyone deluded enough to believe that their ego is not a critical factor in their trading needs to reconsider ! rog1111
rog1111   27-11-2006 04:55:21

View the comment thread

Sorry, you are not allowed to add comments. Please login or register first.




Copyright © 2001-2008 Trade2Win Ltd.