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An Ego-Fueled Bias That Can Only Hurt Your Trading

From dailyfx.com

There's No Room for "Ownership" in Trading •A Little Gratitude Never Hurts •The 2-Part "Cure" for Excessive Attachment In psychology, “ownership” is the feeling that something is yours, and in the end, you control it. From a trading perspective, ownership can be both dangerous and costly. While the thoughts and feelings created by ownership will not always fade easily, we can start by first recognizing it, and then must have an open mind in avoiding it. Learn to Set Ego Aside In trading, ownership encompasses the belief that you possess everything, starting with the idea to become a trader, and continuing on to ... (full story)

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