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/1 Some of you may find yourself in a widening emotional gyre as the bull market marches forward -
on one side, delusional confidence in your abilities as a trader infused by your growing account balances;
on the other, bitter envy of those who have done even better.
on one side, delusional confidence in your abilities as a trader infused by your growing account balances;
on the other, bitter envy of those who have done even better.
/2 This combination produces entitlement tilt. You think that you, brilliant market helmsman that you are, are more deserving of the gains of others than they are. You begin to force trades, overleverage, jump from trade to trade chasing, refuse to cut losses.
/3 In the process, you lose what edge you had, or worse. It is a self-defeating cycle.
Stop.
To escape, take what the market gives, not what your deluded mind leads you to think you deserve or your greed leads you to covet.
Stop.
To escape, take what the market gives, not what your deluded mind leads you to think you deserve or your greed leads you to covet.
