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Pride

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Hi again Snake

Snake Pliskin said:
What does pride mean to you?

Does it limit your effectiveness as an adult?
Click to expand...

Like your sense of humour seems to me pride is one of the main causes for fights/disagreements/arguing or whatever in forums like this because no-one wants to be the first to swallow their's...or am I confusing PRIDE with EGO

oh dear, this thread might be too philosophical for me, but I'll watch with interest

cheers

bullmarket
 
pride n.

A sense of one's own proper dignity or value; self-respect.
Pleasure or satisfaction taken in an achievement, possession, or association: parental pride.

e·go n.

The self, especially as distinct from the world and other selves.
In psychoanalysis, the division of the psyche that is conscious, most immediately controls thought and behavior, and is most in touch with external reality.

An exaggerated sense of self-importance; conceit.
Appropriate pride in oneself; self-esteem.
 
Hi Snake Pliskin

I read that pride is one of the seven deadly sins. However, its impossible not to feel pride when we overcome obstacles and succeed at doing something really difficult or stand up for our values. As regards trading the most profitable traders I know are very, very humble. I also know that personally I do very well when I remain humble as a trader and in my personal life.

Do I think pride limits my effectiveness as an adult? It would and it did when I used to carry it into the present, trading or otherwise. Its like any emotion and limiting belief. After its been acknowledged, felt and de-energised. It belongs in the past. Learn to do this and you will never look back in quite the same way. Really.

Cheers
Happytrader
 

If I can say it another way in common folks vernacular:

Pride is when you are content even if you are the only one who knows of the acievement.

Ego must boast it to the world.
 
Pride is one of my greatest enemies.
Self-respect for oneself and for his values should not be confused with pride.
He who is proud, is stubborn in thier objectives and often sentimental.
Blinding them in their paths towards their goals in life.
It is not easy, not to be proud, but one can learn to understand and respect his and her fellow-man.
If I were lesser proud in the past. I would have made lesser mistakes.
 
excalibur,

nice photo,

is it your own?

Pride is not a bad thing, nor is an ego really - they just need to be kept in check like so many things as long as we control them and not the other way round.
 
I will quote from a good book: The market is always right, by Thomas Mccafferty.

With regards to trading PRIDE challenges the first rule of trading: THE MARKET IS ALWAYS RIGHT.

Pride promotes self-confidence. It gives you a feeling of satisfaction and comfort by letting you know you are doing a good job. Carried to the extreme it leads you to overconfidence and willfulness.

happytrader is this the same book you read? It covers the 7 deadly sins and applies them to trading. This book is no good for investors.

Snake
 
Hi Snake

No I don't read trading books, read stock reviews or the watch news or the Dow when it comes to trading my one stock. I'm only interested in two things 1. reporting date and 2. exdivident date. Whatever else happens I'll handle it on the day.

The pride thing is from experience.

Cheers
Happytrader
 
Hi Snake

I may have mentioned it before. I come from a trading family. That taught me only one important thing, that it can be done. Much later down the track I took a personal interest and took an optiontrading course and system presented by Nik Halik. My preference and attention to trading one stock came about when I realised that all stocks are not equal in risk, profit, loss and reliability when it comes to follow through with TA. I selected a laid back stock for my laid back style. It does its thing and I acknowledge and respond appropriately. We're good friends actually. Just like any other friend I can forgive it its off days and bad behaviour without getting emotional about it. Why don't we ask Bronte what she thinks of her friend Spi?

Cheers
Happytrader
 
Snake: really interesting thread - thanks for posting it.

We all seem to have slightly different definitions of pride (and ego).

I think "to take pride" in something achieved is very healthy, especially when it has been difficult and has required considerable effort and perseverance.

The noun "Pride" is often used in a perjorative sense to describe what is simply stubbornness/intractability. e.g. her pride would not allow her to admit that she was wrong. I wouldn't use it in that sense at all.

An intact ego is essential to healthy function in everyday interactions with others. A person with a healthy ego can - as already mentioned I think - be described as having good self esteem. This is different from someone who is egocentric, i.e. can only focus on himself/herself and has little empathy for the points of view of other people. I've known a number of people like this who are always needing to assure themselves of their place in the scheme of things, need lots of praise, and have an overwhelming need to tell others what to do or be generally critical. Some of these folk are actually quite insecure or lack a sense of self worth.

When we feel OK about ourselves, we don't need to be constantly telling others, are pleased by a compliment but don't need it, and have the sense of "OK-ness" which allows us to show generosity of spirit towards others.

Just my thoughts which may or may not make sense to others, and that's OK.

Julia
 
I'm unashamedly bumping this thread because I'm really interested in how members view ego etc - thought a few more people might have some time to think about it on a public holiday.

Julia
 
Julia said:
Snake: really interesting thread - thanks for posting it.

We all seem to have slightly different definitions of pride (and ego).

Julia
Click to expand...

I slightly disagree Julia. Pride and ego are not hard to define. I believe that everyone has the same understanding of the definitions. Where people are different is in their perception of whether pride is good or bad. Ego is good or bad? How much pride is good?

However every individual has a difference perspective on what is a healthy level of pride. An individuals pride threshold between healthy and unhealthy can vary greatly between people, just as people's level of compassion, anger etc.

Duckman
 
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