Why are good traders humble? Experience, for one. After a while, good traders realize that the market is bigger than they are. Once you think you have the market pegged - that you have it all figured out - that's the beginning of the end. You can only last so long (see: Jesse Livermore).
Instead, it's the humble trader - the one that is confident in their position and view but knows beneath it all that the market will do what the market will do - who will succeed.
In this week's Trader Behavior video, Michael and Hoag talk why it's important to keep an open mind and be humble about your trading. Give it a watch and leave any feedback in the comments.
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