Occasionally, throughout the years I would string together numerous profitable days, making me feel ecstatic and invincible. Confidence is through the roof! However, once I cross that fine line and become arrogant it always comes back to get me.  In these cases, my stellar trading performance will end sooner rather than later. Financial markets have a way of instilling us with humility once again. I am a Christian. I truly believe that my faith is a major part of my trading survival. It helps me keep a realistic perception and ego in check. When arrogance blinds me, I start thinking I am a trading god or superman and begin slacking. My newfound arrogance seems to be accompanied by carelessness and delirium.  The downfall isn’t far behind. Furthermore, I can recall similar situations of excessive self-regard after excelling at sports when I was young. An arrogant attitude was eventually destructive back then too. I do not consider myself an arrogant person, but the market bestows traders with a broad-spectrum of thoughts, feelings and experiences. I have accumulated many, good and bad over the years. “Pride goeth before destruction as a haughty spirit before a fall. “ Proverbs: 16:8. Stay optimistic. Keep a healthy dose of self-confidence that you will succeed overtime, not every time.

 

6 Responses to Arrogance: An Appetite for Destruction

  1. Jonathan Nixon says:

    Mark – great post. Thanks for your honesty, and for the important reminder!

  2. markdcook says:

    Glad you liked it. Hope it helped. It really makes me feel good to share my trading knowledge/experiences to benefit others.

  3. Janak Merchant says:

    Hi Mark, I hv read your interview in SMW. It was great. Am happy to c your blog. Hoping to learn overtime, not every time!

    Best wishes, Janak Merchant

  4. markdcook says:

    Thank you. I am still learning myself. :)

  5. Amazing post and very interesting stuff you got here! I definitely learned a lot from reading through some of your earlier posts as well and decided to drop a comment on this one!

  6. Alex says:

    Neo-neocon: “While it’s possible to be truly self-confident and yet not have eoungh sensitivity to the perceptions of others to curb overt and sometimes offputting expressions of arrogance. . . .”No, ma’am. It’s not that we’re “arrogant”; it’s that others are emotionally irresponsible.An important step on your path to post-leftist enlightenment is learning to divest yourself of this juvenile belief that grown adults are, as a default, at all natively responsible for the feelings of other grown adults.Because we’re not. One of the fundamental standards of adulthood is taking primary responsibility for one’s own emotional state. We may choose to take on responsibility for the feelings of other adults, but it is not a default obligation upon us.Thus, arrogance is not an external manifestation of an internal state. Arrogance is what we call self-presentations of confidence that we choose to dislike.And what Obama displays is not arrogance but conceit. Arrogance is what we call it when people choose to dislike one’s confident self-presentation, but one nevertheless still actually has the competence to support it.Conceit, OTGH, is what we call it when people choose to dislike one’s confident self-presentation, and one actually lacks the competence to support it, as well — a lack that Obama and his campaign staff have indeed repeatedly demonstrated when events happen to diverge from their narrowly-plotted scripts.

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