Hello Prospective, Future & Active TOTM Fishermen:
HOW DO YOU REMOVE "EGO" FROM YOUR TRADING??????
My friends, when you have an answer to the above question, you will have made an extremely large step toward finding the success that you are looking for in the stock market.
EGO is a big killer to the account value of Traders in the stock market. When your EGO won't allow you to get out of a Trade because you know for Certain that the Trade will make money for you, I regret to inform you that your EGO is leading the way toward your financial destruction.
- Remember the Freight Hobos in lesson #7 of the TOTM SCHOOL, the real smart Hobo had all the answers but ended up a loser because he was CERTAIN he had the correct answer.
- However, the Hobo with the average intelligence didn't KNOW for CERTAIN where the freight train was going, but he simply got on the freight train that was heading in the correct direction and then he simply waited to see what would happen.
Well, as you know the real smart Hobo ended up a loser and the Hobo with the average intelligence ended up a big winner. The smart Hobo wouldn't change his mind because he KNEW for CERTAIN that he was RIGHT.
- The Hobo with the average intelligence didn't know for CERTAIN what was going to eventually happen in the future, but he saw movement in the desired direction RIGHT NOW so he simply got on board that train. The rest of the story is history.
HOW DID YOU REMOVE YOUR EGO FROM YOUR TRADING?????
My fellow TOTM FISHERMEN, you will be a much better Trader when you can answer that question.
Remember what Grandpa Al always says, "I DON'T KNOW FOR CERTAIN WHAT IS GOING TO HAPPEN IN THE FUTURE ON THE TRADE AND I AM NOT WORRIED. I HAVE USED ALL ASPECTS OF THE TOTM SYSTEM FOR THE TRADE AND I HAVE A HPO (High Probable Opportunity) OF MAKING A NICE REWARD ALONG WITH A POSSIBILITY OF A SMALL LOSS. THEREFORE, I AM AT PEACE, NO FEAR BUT ALSO NO GREED. I LOOK AT WHAT IS HAPPENING NOW AND LEAVE THE WORRY ABOUT THE FUTURE OF THE TRADE WITH THE TOTM SYSTEM."
- My friends, this one unanswered question is a big part of why only a tiny 10% of people make Rewards in the stock market.
- EGO is very helpful in most professions, but it will devastate you in the stock market.
Therefore, leave your EGO with your other profession. Your EGO won't help you in the stock market but will only hurt you.