“I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.”
- Ed Seykota (via Market Wizards)
Could Seykota be right? Are losing traders “getting what they want” from the market?
What are some constructive ways to interpret this idea?
Could it be that certain goals – desire for entertainment, desire for action, desire for escape etc – are more important than the goal of making money, and thus dilute the necessary focus on profitability?
What do you personally “want” from the market?
Are your subconscious desires aligned with your objectives?
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