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Brian_McAboy
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"Know thyself" is the holy grail. If you have no clue as to who you are, what your strengths and weaknesses and natural tendencies are, what your true beliefs about money and competition, then trading will present many uncomfortable situations in which the reflection of your true self will be shown.
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Can successful Traders have a conscience?
Brian_McAboy replied to Trade Up's topic in Trading Psychology
Only in the right context. Virtually all business endeavors are based on the notion of providing value, and the profits are the exchange for that value delivered. Gambling and trading do not create or provide value to the one putting in the money. It's a win-lose situation and winner's profits have to come from somebody's pocket. Even the Casinos express their profits in gambler's losses and trading is very analogous. If you're okay with the competitive nature and the fact that it is clear to the prospective loser that he is risking his money on a wager, then no guilt is due. However, if one of your core beliefs is that you wish to make the world a better place by provide value to others, then trading may present a subconscious challenge, as your subconscious knows the win-lose scenario exists here.