Trading is one of the most rewarding skills but is difficult to master. The trading process can be frustrating as you will experience failures along the way to becoming a professional.
When things go well, you naturally tend to celebrate. This is quite normal, and in fact, it is important to appreciate small successes.
However, it won't take long for you to get cocky. A streak of good luck might inflate your ego, and you might think you've reached the top. If you find yourself in this situation, I recommend you fear rather than rejoice.
Sound ridiculous?
Do you know stories of traders who failed to keep their profits and ended up losing everything?
There can be many reasons for this, such as changing market conditions, overestimating oneself, self-centered trading, etc.
That's why successful traders try to stay humble.
If pride interferes with your rational thinking, it could lead to a change in your lifestyle. You might get the desire to spend a lot of money, brag and make stupid decisions.
You will set standards for yourself that you can hardly keep. With such pressure to perform, you will have difficulty controlling your emotions, which will eventually affect your trading.
In contrast, humility helps you.
You realize that neither success nor failure are permanent. You focus more on improving your trading skills. It is the sure way to stay ahead in the market.
Stay humble, stay humble. This is the "middle way" of a profitable trader.