Obviously people don't consciously start trading with the belief that they
don't have the right resources or that they're going to fail. In fact, it is just
the opposite. Because most traders come from or still enjoy very successful
careers outside of trading, they have a great deal of confidence in their
ability to extend this success in the trading environment. This unfounded
confidence, coupled with the way the markets distort a person's concept of
reward in relationship to time and effort expended, will cause the trader to
form some very unrealistic expectations about the kind of results he should
achieve.
don't have the right resources or that they're going to fail. In fact, it is just
the opposite. Because most traders come from or still enjoy very successful
careers outside of trading, they have a great deal of confidence in their
ability to extend this success in the trading environment. This unfounded
confidence, coupled with the way the markets distort a person's concept of
reward in relationship to time and effort expended, will cause the trader to
form some very unrealistic expectations about the kind of results he should
achieve.

