Trading and Ego

Nothing to do with ego...
Everything to do with cognitive dissonance

Thanks a lot for your outstanding contribution here! When I was a novice trader then my sentimental trading skill was zero, as a result I was unable to control my personal emotions when I faced SL in my trading! But right now, I try to react here as like a pro trader, yes now I focus on only process not on my trading result!

The market always has a way of playing with our emotions (fear, greed, impatient), tempting us to make instant decisions ...
The only way to counter that (thus enhancing our mental skills) is to "Plan the trade and Trade the plan" consistently ...

Ryan Holiday's "Ego Is The Enemy" Review


http://projectmanagementhacks.com/bo...-ryan-holiday/
https://www.amazon.com/Ego-Is-the-Enemy/dp/B01GSIZ9EY

What risible nonsense, automate, then the problem disappears. Can’t or won’t automate? Then you’re either too lazy to learn MQL, Python etc, or your method is a joke. If your method can’t be automated, then you’re still at guessing/seat of the pants/making it up as you go along stage, you haven’t got a strategy that can consistently mine profits from markets.

Manual trading is dead, as is all the Mark Douglas psychology bullshit. FFS wake up people, there’s an arms race of financial engineering taking place, get with the programme, or get out of Dodge.

Trading should be ideally mainly mechanical(rule-based), execution of a reliable trading system.

That is pretty much all to it to successful trading.

There can be any instances where we get confused whether our emotions will win or our rational decision making. And in forex, many time ego comes across to the decision making of foreign currency exchange traders. Sometime, I also feel the same. But however, with more practices and practical decision making now I am able to overcome it as with each passing day I am becoming more sure about the importance of controlling emotions in the forex market.