Videos

Ray Dalio: “The Most Important Thing A Trader Can Have Is Humility.”

If you watch the video, you’ll hear it from the man himself: “The Most Important Thing [A Trader] Can Have Is Humility.”

And it makes sense.

In short, here’s why…

A great trader knows that his ego will undoubtedly act like a wall between himself and his long-term goals. So he makes sure he doesn’t inflate or assert it.

In other words, the cognitive and affective component of humility (which he possess) tones down the excessive self-obsession that he might be prone to displaying.

Hence, his experience of trading is a lot smoother because he is not fighting the market anymore. Nor is he fighting himself.

 

From the video:

Good to Great by Dr. Collins

Ray Dalio’s complete New York Times New Work Summit interview

 

 

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Yvan
I've been trading for a living since 2006. By merging mindfulness (an in-depth study of the mind and its tendencies in the present moment), a good trading process, and an efficient business practice, I went from being a losing trader to a consistently profitable one. Through my work here at Trading Composure, I aim at helping you do the same.
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