Self-awareness is more important in the financial world than in other professions. The reason is that when you trade, the judge's gavel comes down every day on the ledger sheet. A doctor can evade the truth that he or she made a mistake and tell the relatives of a deceased patient, "I did my best, but . . . . " A lawyer can drink too much the night before his final address to the jury, and when he loses, convince himself and his client that the jury was biased. But a trader has no one to convince, no one to lie to. The market is the final judge, and it issues its verdict every day. therefore think that understanding how the false pride system works can be crucially important to a successful and lasting career as a trader, speculator, or investor.
From Victor Speerandeo--Trader Vic- Method of wall Street Master
From Victor Speerandeo--Trader Vic- Method of wall Street Master