Why we are traders — by Roger Baettig

Trading offers lessons in life; it is a microcosm of life.

In trading we learn to master ourselves, even as we develop skills.

Trading teaches us to identify and follow opportunities in the face of uncertainty.

Trading requires us to understand and respect risk, but not become paralyzed by it.

Trading pushes us to seek situations that offer more reward than loss, to stick with what is rewarding and exit what is not.

Trading requires that we be prepared and disciplined, that we continually learn and relearn.

Trading teaches us that there are times to be aggressive, to go after our convictions with confidence; it also teaches us the value of prudence and protecting what we have.

Trading calls on us to be patient–and to be decisive; to believe in ourselves–and to be ever aware of our vulnerabilities.

copyrighted by International Business Times

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