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of certain beliefs: that the market action will be unpredictable, that their methodology is valid, that the methodology will still create losses, that losses can result from market inefficiencies and lack of continuity of thought, that every loss and profit holds valuable information, and most important that they will triumph because of their faith that they are excellent traders. |
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One word of caution. Certainty can become a vice if it is generated by the ego. For example, you suddenly become certain that pork bellies are going to go up in the next few months. The way to determine that such a feeling of certainty is a vice, generated by the ego, is to realize that the conviction is dependent upon someone else or an action controlled by others. If your certainty is based upon and dependent upon your actions, then it is a strong virtue grounded in faith. |
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As your level of certainty in your ability as a trader increases, the role played by your ego will begin to diminish. Faith will combat and eliminate doubt. |
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