Vladimir Ribakov warns that confidence from winning trades breeds arrogance, which kills attention to detail and tanks performance. A mistake that humbles you teaches more than a win that inflates your ego.
A mistake that will make you humble is much better than achievement that will make you arrogant. You see, as a trader, you will have these trades that will make you feel like you are unbeatable, that it will raise your nose and make you feel proud. Your ego would be on the highest levels. These are the most dangerous moments for traders. These are usually the moments that you start to really not paying attention to the little important details in your trading, and your trading results will crash from that peak. On the other hand, there will be trades that you will be sure they have to deliver because all the technical signs are there, and they will fail. There is always all ways and room to improve and to understand, uh, what was done wrong, how should it be improved. Stay humble, learn from your mistakes. Do not let your achievements change you and becoming arrogant. Want to learn more? Follow us in my trading blog vladimiribakov.com and join us. Don't Home Trader Club.
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