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To: Tom Trader who wrote (30792)	12/10/1997 11:56:00 AM
From: Kevin	Respond to of 58727

>>>the real objective however is to make money and so if one makes more money on winning trades than one loses on losing trades then that is what matters. <<< I agree Tom. Making money is EXACTLY what matters. Just so the human ego doesn't get a completely bad name, I'd like to add a few positive comments. Isn't one's ego what makes them want to be better? What makes them want to be right all of the time? Hell, my ego may be a good part of the reason why I have the ambition to teach myself about the markets and evelop my own trading style, instead of just dumping my money into mutual funds. I want to be a great trader, and I want to make a fortune. Sure I have an ego. I get pissed off when I'm wrong about a trade, and I either average down to try to 'make the trade work', or I ignore the loss and completely write it off at expiration. But isn't my ego also the reason why I'm doing quite well overall with my trading. Just a different angle to look at when talking about the ego... Time for lunch. Kevin

To: Tom Trader who wrote (30792)	12/10/1997 12:49:00 PM
From: Brad Hill	Read Replies (1) \| Respond to of 58727

Tom--this discussion of the trading ego is interesting. I've come to believe that active trading is largely a matter of emotional management, with the crucial balance of fear and greed. (And their positive aspects, courage and opportunism.) The emotional (ego-driven) character is emphasized in the options game, where the tremendous leverage amplifies greed, and the looming expirations magnify fear. Those two constant pressures make emotional management (ego management) very difficult. Like you (you helped teach me this), I believe that exiting is where the action is--that's where the ego really comes out to play. -- Brad