Mr.Practical

Are you in stock trading

a) for profits?

b) for the satisfaction of being right in your trade predictions?

c) both?

If your answer is 'b'

Then you are most likely suffering from the disease of hanging on to losing positions!

You are in the mental state of denial.

You find it difficult to accept your "prediction" gone wrong!

You find all kinds of excuses to hang on and finally pay the price!

If your answer is 'a'

Then you have the rare quality of a successful trader, irrespective of how experienced you are in this field!

Being profitable is more important to you than being right!

If you are proved right, great! Otherwise, you dump your judgement and go along with the trend without even an iota of hurt feelings!

Rather, you silently pat your back and call yourself "Mr.Practical" !

(Answer 'c' is same as 'b' except that it sounds good)

But, how to avoid the ego trap?

First, never announce your trade!

Discuss anything and everything but never give any advise!

Never treat any opinion as final. Just treat it as a high-probability likelihood event!

And, finally, just change the spellings of your ego to igo (I go).