Humility – the key to success

Five years ago I wrote a book titled “A successful trader. The mental state necessary for success in the market. ” When we were talking about dedication, I decided to dedicate the book “Traders who do not want fame.” During my work I had come across many traders, who were unsuccessful because of an inferiority complex. They feel worthless losers, inferior human beings and were not sure of their life purposes. For them, trading is a way to prove to myself that they were anything but standing in life. They feel that the more money are, the more they are significant as an individual. But it is actually not. Traders who are looking for wealth and fame as a rule will fail. The winners are humble traders. In today’s competitive world, many captures the idea of victory in a zero-sum game: it may be only one winner, if you do

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Individuality and trade

In his interview, «Market Wizards» Dr. from K. Tharp gives a characterization of the trader – the underdog. The common feature of all the losers is a high susceptibility to stress and the inability to protect themselves from stress. They typically negative view of life, they expect the worst, they have a lot of conflicts with their own individuality. They tend to blame others when something goes wrong. This portrait is groundless. If a trader is easily excited and pessimistic at the same time, it can not effectively apply their skills and abilities, does not believe that he could succeed in the long term and remain in the stock trading business. Despite the fact that there is a general idea of who can become a successful trader, scientific papers on this topic is almost unknown.

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