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.

 

5 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!

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