One time I just couldn't get along
with a fellow trader on the direction of a specific trade, he was
opposing my view and AFTER I have entered the market to prove his point
he took the opposite position to mine and said: "Now we'll see who is
right" My nature not being confrontational I promptly closed my position
and moved on to other instruments. Forgetting about this specific
instance. About a month later he came back to me and said: "See I told
you so" his position was making money and mine if I had kept it was
losing. I told him that I actually closed my position that same day and
moved on. He was furious as he was nurturing his position to prove a
point and expending tremendous amounts of energy on this one trade. He
did make money on it but could have done much better had he not tried to
make a point. So sometimes humility and tolerance can go a very long
way...Subsequently we became good friends and both of us learnt a lesson
from this experience. He learnt that sometimes he is fighting more
against himself than against others and I learnt that it is a good habit
not to become personally involved within the market...Don't take a
personal issue to the market it will bite you - rather step back and get
a new perspective.
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