You love competition and more importantly, beating it. You hate being wrong. It's either your way or Waiyaki way... How then, do you prevent from getting too attached to a position? How do you keep from getting emotional on a trade / when trading?

Experience? Religion? Strategy? Testosterone?

May the more seasoned members of our forum give us some insight on this.

http://www.time.com/time...,1849374_1779304,00.html

Testosterone...for traders I know, bragging rights...quick tell everyone how much money they've made...but personally I'd go with experience...there's nothing new in the game, just new ways of attracting the greatest fools. I find once you've done the due diligence and research emotions have minimum influence on your position; though I'm not much of a trader, more of an observer and long term investor.

@drake, fine one - almost missed it. Sometimes this Wazua, turn away a few hours, and too much to catch up.

From two movies, I learnt:
Secret to riches and comedy is the same as the secret to a good wine - Timing!

Difference between winners other players is that they avoid distractions and don't loose their nerve - Calm!


With experience you can acquire the mindset.

well

i am a trader...my teacher made sure i understood discipline before anything else...i never hold on to a bad position despite my view...exit and entry points are clear to the point that i leave limit orders to take profit or cut losses...