The beautiful thing about trading is that you're either right or you're wrong. It's unforgiving in a way that punditry isn't. When you trade you have skin in th

The beautiful thing about trading is that you're either right or you're wrong. It's unforgiving in a way that punditry isn't. When you trade you have skin in the game, since past failures leave a permanent record on your portfolio, and people quickly learn that overconfidence is a liability.