EGO NO GO Traders’ Downfall: Six Actions to Avoid

by admin | Apr 14, 2024

There is NO place for ego and bravado in trading.
If that’s part of your personality—consider this your warning.

Why?

Because ego and emotion are a trader’s kryptonite.
In this article, we’ll break down six ego-driven habits that can silently sabotage your trading success.

**⚠️ EGO NO GO #1: Overtrade – More is Not Always More**

Overtrading is like sprinting a marathon—it’s unsustainable and leads to burnout.

You’re not a machine gun, firing at every shadow.

You need patience. Precision. Discipline.

📌 Solution: Quality Over Quantity

Only take high-probability trades. As I always say to my MATI Traders: Less is more.

😤 EGO NO GO #2: Revenge Trade – The Emotional Spiral

Losing sucks. I get it.

The temptation to jump back in and “win it back” is real.

But revenge trading is like using a leaky bucket to save a sinking ship—useless.

📌 Solution: Keep Cool and Carry On

Step away.

Go for a walk. Grab a beer.

The market will still be here tomorrow—with better opportunities.

Remember: The market doesn’t owe you anything.

🧨 EGO NO GO #3: Ignore Risk Management – The Silent Killer

Trading without risk management is like skydiving without checking your parachute.

Imagine jumping and realizing it’s just a backpack. 😱

Don’t laugh—it happens metaphorically every day in the markets.

✅ Your checklist:

Stop-loss under 2%
Manage drawdowns
Only risk what you can emotionally handle
Proper trade size
Strong risk-to-reward ratios

📌 Solution: Plan Your Risk

Set your risk before entering a trade—and stick to it.

Your future self will high-five you.

🔍 EGO NO GO #4: Dismiss Market Analysis – Gut vs. Data

You wouldn’t leave the house without checking the weather.

So why trade without checking the economic calendar?

Is it NFP day? 🚫 Don’t trade.
Is it CPI day? 🚫 Don’t trade.
Is it FOMC day? ⚡ Expect volatility.

📌 Solution: Stay Informed

Know what news events are coming.

Trade with your eyes wide open.

👈 EGO NO GO #5: Blame Everything – The Pointless Game

When trades go bad, some traders start blaming…

Their mentor. Their strategy. Even themselves.

But here’s the truth:

There’s no blame game in trading.

If you followed your system and risk management—you did your best.

📌 Solution: Own It to Hone It

Take responsibility.
Learn from the loss.
Evolve.

🔄 EGO NO GO #6: Fail to Adapt – Evolve or Be Left Behind

The market is always changing—so should you.

If you don’t adapt, you’ll fall behind.

Feel the market’s mood.

Is it a favourable or unfavourable phase?

Are certain markets no longer working for your system?

📌 Solution: Stay Sharp, Stay Updated

Tweak. Test. Adjust.

Keep learning and growing.

🧠 Final Words

If your ego has already taken a back seat—this article did its job.

Whenever ego creeps back in, revisit this piece.

Better yet, print it. Highlight it. Store it with your top trading notes.

Let it guide you toward long-term success.

✍️ Quick Recap: Ego No-Gos to Avoid

✅ Avoid Overtrading: Less can be more.
✅ No Revenge Trading: Use strategy, not emotion.
✅ Stick to Risk Management: It’s your safety net.
✅ Do Market Analysis: Never trade blind.
✅ Stop the Blame Game: Learn and grow.
✅ Adapt Constantly: Evolve or be left behind.

READY TO UPGRADE TO SUPREME MATI TRADER?

Click here to SIGN up and join now.

Trade well, live free.

Timon Rossolimos
Founder, MATI Trader

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Click the following links below….

JSE ALSI 40

Gold price

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Ethereum price

Dollar Index

EUR/USD

Order via our secured website:

Click here to order The Complete Charts Patterns and Candlesticks Guide by MATI Trader book

Or order via EFT payment”

Click here to order the book via EFT (all info in the invoice).

Enjoy and remember…

You won’t need to buy or order another book on chart patterns and candlesticks ever again as I will be updating it very often and will let you know.

EGO NO GO Traders’ Downfall: Six Actions to Avoid

There is NO place for ego and bravado in trading.If that’s part of your personality—consider this your warning.

Why?

Because ego and emotion are a trader’s kryptonite.In this article, we’ll break down six ego-driven habits that can silently sabotage your trading success.

⚠️ EGO NO GO #1: Overtrade – More is Not Always More

Overtrading is like sprinting a marathon—it’s unsustainable and leads to burnout.

You’re not a machine gun, firing at every shadow.

You need patience. Precision. Discipline.

📌 Solution: Quality Over Quantity

Only take high-probability trades. As I always say to my MATI Traders: Less is more.

😤 EGO NO GO #2: Revenge Trade – The Emotional Spiral

Losing sucks. I get it.

The temptation to jump back in and “win it back” is real.

But revenge trading is like using a leaky bucket to save a sinking ship—useless.

📌 Solution: Keep Cool and Carry On

Step away.

Go for a walk. Grab a beer.

The market will still be here tomorrow—with better opportunities.

Remember: The market doesn’t owe you anything.

🧨 EGO NO GO #3: Ignore Risk Management – The Silent Killer

Trading without risk management is like skydiving without checking your parachute.

Imagine jumping and realizing it’s just a backpack. 😱

Don’t laugh—it happens metaphorically every day in the markets.

✅ Your checklist:

Stop-loss under 2%

Manage drawdowns

Only risk what you can emotionally handle

Proper trade size

Strong risk-to-reward ratios

📌 Solution: Plan Your Risk

Set your risk before entering a trade—and stick to it.

Your future self will high-five you.

🔍 EGO NO GO #4: Dismiss Market Analysis – Gut vs. Data

You wouldn’t leave the house without checking the weather.

So why trade without checking the economic calendar?

Is it NFP day? 🚫 Don’t trade.

Is it CPI day? 🚫 Don’t trade.

Is it FOMC day? ⚡ Expect volatility.

📌 Solution: Stay Informed

Know what news events are coming.

Trade with your eyes wide open.

👈 EGO NO GO #5: Blame Everything – The Pointless Game

When trades go bad, some traders start blaming…

Their mentor. Their strategy. Even themselves.

But here’s the truth:

There’s no blame game in trading.

If you followed your system and risk management—you did your best.

📌 Solution: Own It to Hone It

Take responsibility.Learn from the loss.Evolve.

🔄 EGO NO GO #6: Fail to Adapt – Evolve or Be Left Behind

The market is always changing—so should you.

If you don’t adapt, you’ll fall behind.

Feel the market’s mood.

Is it a favourable or unfavourable phase?

Are certain markets no longer working for your system?

📌 Solution: Stay Sharp, Stay Updated

Tweak. Test. Adjust.

Keep learning and growing.

🧠 Final Words

If your ego has already taken a back seat—this article did its job.

Whenever ego creeps back in, revisit this piece.

Better yet, print it. Highlight it. Store it with your top trading notes.

Let it guide you toward long-term success.

✍️ Quick Recap: Ego No-Gos to Avoid

✅ Avoid Overtrading: Less can be more.✅ No Revenge Trading: Use strategy, not emotion.✅ Stick to Risk Management: It’s your safety net.✅ Do Market Analysis: Never trade blind.✅ Stop the Blame Game: Learn and grow.✅ Adapt Constantly: Evolve or be left behind.

READY TO UPGRADE TO SUPREME MATI TRADER?

Click here to SIGN up and join now.

Want to see what the latest prices are on the highest definition charts?

Click the following links below….

JSE ALSI 40

Gold price

Bitcoin price

Ethereum price

Dollar Index

EUR/USD

Order via our secured website:

Click here to order The Complete Charts Patterns and Candlesticks Guide by MATI Trader book

Or order via EFT payment”

Click here to order the book via EFT (all info in the invoice).

Enjoy and remember…

There is NO place for ego and bravado in trading.
If that’s part of your personality—consider this your warning.

Because ego and emotion are a trader’s kryptonite.
In this article, we’ll break down six ego-driven habits that can silently sabotage your trading success.

**⚠️ EGO NO GO #1: Overtrade – More is Not Always More**

Take responsibility.
Learn from the loss.
Evolve.

✅ Avoid Overtrading: Less can be more.
✅ No Revenge Trading: Use strategy, not emotion.
✅ Stick to Risk Management: It’s your safety net.
✅ Do Market Analysis: Never trade blind.
✅ Stop the Blame Game: Learn and grow.
✅ Adapt Constantly: Evolve or be left behind.