Today we want to talk about two topics that could be detrimental to a trader. One is trading pride and the other is trading imagination.
First let me tell you a story of a woman who was having some problems. She went to her pastor and said I need help. The pastor asked her what is the problem? She told the pastor that she was dealing with pride. The pastor said tell me about how you are dealing with pride. She said well every time I walk by a mirror I’m blown away by my beauty. I can’t stop looking at myself. I can’t stop looking at my beauty. The pastor said to her what you described is not pride what you described is imagination. Now on a serious note how can pride and imagination effect our trading?