Peter Shankman, founder of HARO, wrote an interesting post today on the poison of entitlement.
There is nothing worse than entitlement. It reeks of caustic, old-way-of-doing-things attitude. It screams “Don’t you know who I am?” And nothing, absolutely nothing, can ruin your chances faster, both in life or in business.
This is a great lesson for us as traders. You do not want to be that person. That trader becomes a failed trader.
What does an entitled trader look like?
The entitled trader thinks because they walked in the door that the market owes them a six-figure-plus reward.
The entitled trader thinks that because he has decided (in his infinite wisdom) this is a good trade Read more [...]
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