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Succesful institutional traders often talk of quitting and going to trade for themselves. Only a handful of them manage to make the transition. Most traders who leave institutions get caught up in the emotions of fear, greed, elation, and panic when they start risking their own money.
Our take on this quote:
🎢💰 The Emotional Shift 💰🎢
The real challenge begins when it's your own capital at stake. Emotional discipline is everything. 🧠📉
Alexander Elder's quote highlights the stark difference between trading for an institution and trading independently. While institutional traders may consider striking out on their own, the transition proves difficult for most due to the intense emotional challenges of risking personal money. The shift often exposes traders to fear, greed, elation, and panic - emotions that can cloud judgment and lead to poor decisions. Elder's insight underscores the importance of emotional discipline and the ability to manage these feelings effectively to succeed as an independent trader. It serves as a reminder that the psychological aspects of trading can be just as critical as the technical ones.
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