Trading legend Marty Schwartz aka Pitbull said, "the most important change in my trading career occurred when I learned to divorce my ego from the trade."
The ego gets a bad wrap in trading, often seen as the enemy. But is this the right way to look at it?
The ego is very much part of us, part of who we are, part of our nature, our soul. How can it be the enemy? That makes us the enemy. And yet, often it feels like it is, with its ability to act in ways which are malicious and malign.
Learning to understand your ego, and how it works, may be a more productive way forward than trying to ignore it, or shut it down.
In this episode, we explore the ego, its impact on you and your trading, and how better to understand it, and work with it, rather than to fight yourself, with all the mental and physical costs that entails.
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