The elusive ”They”

Many people like to find fault elsewhere. When you are trading badly, it is your fault and no one else’s. It is not the market maker’s, a bad quote’s, a broker’s, a local’s, or a computer problem’s fault. There is no “They” that is out to get you. If you lost money or got a bad fill, it’s your fault; don’t blame anyone else. One has to accept responsibility for one’s mistakes. If a broker misleads you, it’s your fault for listening to him; at lease the second time it is. Don’t blame other people or other things for your bad trading. If you do, you will never get better because you won’t be working on correcting your weaknesses, as you won’t think you have any. If you want to be successful, you will accept the blame for losses and not pass it off to the market, a broker or a bad fill.

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